What is Income Tax? Income tax in Jamaica is a tax on the income earned by individuals and businesses. It is based on a progressive system, where those who earn more income pay a higher percentage of tax. The tax …
Payroll Taxes
What is Education Tax in Jamaica?
What is Education Tax? It was the year 1983 and the “powers-at-be” decided to implement what we now call the Education Tax, in an effort to ensure that a pool of funds would be constantly available to assist with the …
What is NHT Tax?
What is NHT? NHT stands for National Housing Trust, which is a government organization established back in the 70s, allegedly with the aim of providing affordable housing to NHT contributors. Who are these contributors? You! As usual, if the government …
What is the NIS in Jamaica?
What Does NIS in Jamaica Mean? NIS in Jamaica means National Insurance Scheme, which is a social security scheme. Social security usually means a government system that provides monetary assistance to the people and these people usually have low to …
