Caribbean & Atlantic
Jamaica: tax at a glance
Progressive income tax up to 30%, a 25% corporate tax rate (33⅓% for regulated companies) and a 15% GCT.
Worldwide (residence-based)
Last verified
The taxes
- Personal income (top)
- 30%25% above the tax-free threshold, rising to 30% on income over JMD 6 million.
- Corporate income
- 25%
- Capital gains
- None. A transfer tax of roughly 2–5% applies to transfers of property and securities.
- VAT / GCT
- 15%
- Dividends (WHT)
- 15%
- Interest (WHT)
- 25%
- Royalties (WHT)
- 33.33%
- Social security (employee)
- Roughly 7.25%, covering NIS, NHT and education tax.
- Social security (employer)
- Roughly 12.5%, covering NIS, NHT, education tax and HEART.
- Wealth tax
- None
- Inheritance / estate
- None. A transfer tax of roughly 1.5% applies on death.
- Property tax
- A banded property tax on unimproved land value.
- Other
- Education tax, plus NHT and HEART contributions.
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Not participating
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.