Jamaica

In general, Jamaican residents and domiciled individuals are taxed on their worldwide income, while non-resident individuals are taxed on Jamaican-sourced income. A non-Jamaican domiciled individual is generally not taxable on foreign-sourced income unless one remits this to Jamaica. Notwithstanding this, a non-domiciled individual working in Jamaica is taxed on the compensation attributable to services rendered in and in relation to Jamaica (subject to certain exceptions) as well as Jamaican-sourced income.

Personal income tax rates

Individuals are generally liable to income tax at the rate of 25% on their chargeable income (not exceeding JMD 6 million per annum) less an annual tax-free threshold (where applicable). Chargeable income derived in excess of JMD 6 million per annum is subject to income tax at a rate of 30%.

An annual tax-free threshold of JMD 1,799,376 is available to Jamaican tax-resident individual taxpayers per annum with effect from 1 April 2025, with further increases over the next two years as follows:

• Fiscal year 2026/2027 - JMD 1,902,760
• Fiscal year 2027/2028 - JMD 2,003,496.

Local income taxes

Tax is imposed on individuals at the national level. Income tax is not separately imposed at the local level.