Jamaica

In general, Jamaican resident 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 (PIT) rates

Tax resident individuals are generally liable to income tax at the rate of 25% on their chargeable income (not exceeding 6 million Jamaican dollars (JMD) per annum / JMD 500,000 per month) less an annual tax-free threshold. Chargeable income derived in excess of JMD 6 million per annum / JMD 500,000 per month is subject to income tax at a rate of 30%.

The following table highlights the annual tax-free threshold for each year of assessment between 2024 and 2028 (based on several increases in the threshold promulgated), which apply to Jamaican tax-resident individual taxpayers:

Non-resident individuals are not eligible to avail of the annual tax-free threshold and are liable to income tax at the rate of 25% from the first dollar of chargeable income.  

Local income taxes

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