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Jamaica Introducing Explicit Substance Requirements and Restricting Intellectual Property Activities in Special Economic Zones

|Approved Changes|Jamaica
Jamaica

Jamaica's Ministry of Industry, Investment, and Commerce issued a release on amendments to the Special Economic Zones (SEZs) Act to comply with international obligations. In particular, the Act is being amended to explicitly state substance requirements to enjoy beneficial tax treatment, including that only companies undertaking core income earning activities may be allowed to operate in an SE…

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