Jamaica's Tax Administration (TAJ) has issued a technical advisory on the changes announced as part of the Budget for 2024/25 for:

• An increase in the annual general personal income tax threshold from JMD 1,500,096 to JMD 1,700,088; and
• An increase in both the pension exemption and the age relief exemption from JMD 80,000 to JMD 250,040.

The key points of the technical advisory concern the n…