Jamaica's Tax Administration has issued a release to confirm that the assets tax rate on financial institutions is not reduced to 0.125% as previously planned and remains 0.25% in 2022.
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Assets Tax Rate Reduction Applicable to Financial Institutions
Tax Administration Jamaica (TAJ) has been advised by the Ministry of Finance and the Public Service (MoFPS), that the proposal to reduce the rate of the Assets Tax announced by the Honourable Minster of Finance, in Ministry Paper No. 14/20 …