The Jamaican withholding tax of 3% on certain service payments made by specified large taxpayers is in effect from 1 September 2015. The withholding tax was to apply from 1 June 2015, but was delayed until implementation issues could be addressed.
Payments Subject to Withholding
The 3% tax applies for payments exceeding JMD 50,000 for a number of services, including:
- Accounting;
- Consultancy;
- Engineering;
- Entertainment;
- Legal;
- Management;
- Transportation; and
- Others.
An exemption applie…