On 22 December 2014, Tax Administration Jamaica published the annual individual income tax exemption threshold for 2015. From 1 January 2015, the threshold is increased from JMD 507,312 to JMD 557,232.
The corresponding tax-free portion to be used by employers in making periodic payments is as follows:
- JMD 10,716 weekly
- JMD 21,432 fortnightly
- JMD 46,436 monthly
- JMD 139,308 quarterly
Amounts exceeding the threshold are subject to the standard individual tax rate of 25%.