Jamaica Personal Income Tax Rate2022 Data - 2023 Forecast - 2004-2021 Historical

Name: Jamaica Personal Income Tax Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Jamaica,Personal Income Tax Rate,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

The Personal Income Tax Rate in Jamaica stands at 30 percent. source: Tax Admministration of Jamaica

Personal Income Tax Rate in Jamaica averaged 27.00 percent from 2004 until 2023, reaching an all time high of 35.00 percent in 2010 and a record low of 25.00 percent in 2005. This page provides - Jamaica Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Personal Income Tax Rate - values, historical data and charts - was last updated on June of 2023.

Personal Income Tax Rate in Jamaica is expected to reach 30.00 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Personal Income Tax Rate is projected to trend around 30.00 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Personal Income Tax Rate	30.00	30.00	percent	Dec 2023
Corporate Tax Rate	25.00	25.00	percent	Dec 2022
Sales Tax Rate	15.00	15.00	percent	Dec 2023

Jamaica Personal Income Tax Rate

In Jamaica, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Jamaica.