JM · Americas · JMD
Jamaica
Tax rates
Income Tax
30%
Top rate, progressive scale
Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31Corporate Tax
25%
Statutory rate
Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01VAT
15%
Standard rate
Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31Capital Gains Tax
0%
Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Income determination) · as of 2025-12-31Wealth Tax
0%
Not levied
Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31
No verified data yet for: Crypto Tax.
Estimate your income tax
Enter a gross annual salary to estimate 2025 national income tax for Jamaica using verified brackets — total tax, effective and marginal rate, net income, and the per-band breakdown. National income tax only; social contributions and sub-national taxes are excluded unless the notes say otherwise. The full calculator covers every country with verified rates.
The calculator needs JavaScript — every figure stays readable without it. The full bracket schedule is under Brackets & notes below, and the calculator page lists every country's schedule.
Brackets, notes & in practice
Income Tax
| Threshold | Rate |
|---|---|
| JMD 0 | 25% |
| JMD 6,000,000 | 30% |
Bands apply to chargeable income after Jamaica's annual tax-free threshold (a deduction, not a rate band) is subtracted; that threshold currently stands at JMD 1,902,360 per year, effective 1 April 2026.
Jamaica taxes resident individuals at 25% on chargeable income up to JMD 6 million per year (after the annual tax-free threshold), and 30% on the excess above that. Income tax is imposed only at the national level, not locally.
VAT
In practice
- Filing
The annual turnover GCT registration threshold is JMD 15 million, increased from JMD 10 million with effect from 1 April 2025.
Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31- Exemptions
Items exempt from GCT include a range of basic food items, prescription drugs, certain medical supplies, and certain construction, transportation, and financial and insurance services. Zero-rated goods and services include certain agricultural and fisheries inputs, exported goods and services, and purchases by diplomatic and international organisations and foreign governments.
Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31
Capital Gains Tax
There is no tax on capital gains in Jamaica. Asset transfers are instead subject to a separate transfer tax on the gross consideration and, for share transfers, stamp duty.
Wealth Tax
No net wealth/worth tax levied. Jamaica's Individual - Other taxes page on PWC has no dedicated net wealth/worth taxes subsection (covers social security, consumption tax, property tax, transfer tax and stamp duty instead); PWC's consolidated cross-country quick chart lists Jamaica as "NA" (not applicable).