Tax in Jamaica: VAT, income tax, company tax, capital gains
15%
Jamaica charges 15% General Consumption Tax on most goods and services. The rate is verified against Tax Administration Jamaica (TAJ) on 6 October 2026; the top personal income-tax rate is 30% (2026 tax year, Tax Administration Jamaica), and the headline company tax rate is 25% (OECD Corporate Tax Statistics).
General Consumption Tax in Jamaica
Value-added: General Consumption Tax is charged on sales and reclaimed on purchases, so only the added value is taxed.
- Standard rate
- 15%
- Local name
- General Consumption Tax — Value Added Tax
- Type
- VAT
- Reduced rates
- 10%
- Filing
- Quarterly / Monthly / Annual
- Authority
- Tax Administration Jamaica (TAJ)
- Current rate since
- 1 April 2020
Income tax in Jamaica
The top personal income-tax band is 30% for the 2026 tax year.
Company tax in Jamaica
The headline corporate income tax rate is 25%. In effect since 1 January 2026.
Indicative only: confirm with Jamaica's national tax authority. OECD-only: 25% (applies to unregulated companies; secondary sources indicate 33 1/3% for regulated companies such as banks/insurers - not confirmed). TAJ site publications read only covered individual rates. | Cross-check: OECD 2026: central statutory CIT 25%, combined (central+sub-central) 25%
Capital gains tax in Jamaica
- Shares
- No capital gains tax. Transfer tax (a tax on the transfer, not on the gain) of 2% of consideration/market value applies to transfers of Jamaican securities and shares; per PwC, listed securities transferred on the Jamaica Stock Exchange (incl. Junior market) are exempt from transfer tax and stamp duty
- Property
- No capital gains tax. Transfer tax of 2% of market value on agreements for sale/transfer of Jamaican land and buildings (TAJ rates & fees), plus stamp duty (J$5,000 where consideration >= J$500,000)
- Holding period
- None
Ask your AI assistant about tax in Jamaica
The figures on this page are callable by any MCP-compatible assistant through the free Tax MCP. Add https://taxmcp.ai2fin.com as a custom connector in Claude, ChatGPT, Cursor or your own agent — no login, no API key — then ask:
- “What is the General Consumption Tax rate in Jamaica, and what is the source?”
- “Estimate income tax in Jamaica on JMD 60,000 for 2026.”
- “What is the company tax rate in Jamaica and how is it sourced?”
Connect in three steps, and what a connected answer looks like: Tax MCP.
Jamaica, answered
Questions about tax in Jamaica
- What is the General Consumption Tax rate in Jamaica?
- The standard General Consumption Tax (Value Added Tax) rate in Jamaica is 15%, verified against Tax Administration Jamaica (TAJ) on 6 October 2026. A reduced rate of 10% applies to some categories. Value-added: General Consumption Tax is charged on sales and reclaimed on purchases, so only the added value is taxed.
- What is the top income tax rate in Jamaica?
- The top personal income-tax band in Jamaica is 30% for the 2026 tax year, verified against Tax Administration Jamaica on 6 October 2026. The free income-tax calculator on this site works through the bands below it, and shows the rate table it used.
- What is the company tax rate in Jamaica?
- The headline corporate income tax rate in Jamaica is 25%, as published by OECD Corporate Tax Statistics (checked 6 October 2026, verification pending). Indicative only: confirm with Jamaica's national tax authority. OECD-only: 25% (applies to unregulated companies; secondary sources indicate 33 1/3% for regulated companies such as banks/insurers - not confirmed). TAJ site publications read only covered individual rates. | Cross-check: OECD 2026: central statutory CIT 25%, combined (central+sub-central) 25%
- How is capital gains tax charged in Jamaica?
- In Jamaica, individuals generally pay no tax on gains, trading aside, as published by Tax Administration Jamaica (TAJ) - Rates & Fees (checked 6 October 2026, verification pending). On shares: No capital gains tax. Transfer tax (a tax on the transfer, not on the gain) of 2% of consideration/market value applies to transfers of Jamaican securities and shares; per PwC, listed securities transferred on the Jamaica Stock Exchange (incl. Junior market) are exempt from transfer tax and stamp duty Holding period: None
- Can an AI assistant look up tax rates for Jamaica?
- Yes. The free Tax MCP at https://taxmcp.ai2fin.com gives Claude, ChatGPT, Cursor or any MCP-compatible agent the same sourced figures as this page: the General Consumption Tax rate, an income-tax estimate, the company tax rate, the capital gains rule and a side-by-side comparison with other countries, each answer citing the authority and the date it was checked. Add the endpoint as a custom connector; there is no login or API key.
Sources
- Tax Administration Jamaica (TAJ)
- Tax Administration Jamaica
- OECD Corporate Tax Statistics
- Tax Administration Jamaica (TAJ) - Rates & Fees
Last checked 6 October 2026. General information computed from published government rates, not tax advice. Check the linked authority or a registered adviser before relying on a figure.
See every rate side by side in the tax rates table, put Jamaica next to another country in the comparison tool, or read the tax facts.
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