On 11 March 2015, Tax Administration Jamaica announced that the annual tax return filing deadline has been extended to 25 March 2015. The extension applies for self-employed individuals, partnerships, companies, other bodies and employed persons with additional sources of income. The standard annual return deadline is 15 March.
Failure to file the annual tax return by the deadline will result in a penalty of JMD 5,000 per month. This was recently reduced from a penalty of JMD 10,000 plus JM…