Jamaica Issues Release on Fiscal Stimulus Response to COVID-19 Including General Consumption Tax Rate Reduction

Jamaica's Ministry of Finance has issued a release on the Fiscal Stimulus Response to COVID-19. One of the main tax measures of the response is a reduction in the General Consumption Tax (GCT) rate from 16.5% to 15.0%. Although not specified in the release, the reduction is to be effective from 1 April 2020.
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