Jamaica Corporate Tax Rate

The Corporate Tax Rate in Jamaica stands at 25 percent. Corporate Tax Rate in Jamaica averaged 29.76 percent from 2005 until 2018, reaching an all time high of 33.33 percent in 2006 and a record low of 25 percent in 2013.

Corporate Tax Rate in Jamaica is expected to be 25.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Corporate Tax Rate is projected to trend around 25.00 percent in 2020, according to our econometric models.

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Jamaica Taxes	Last	Previous	Highest	Lowest	Unit
Corporate Tax Rate	25.00	25.00	33.33	25.00	percent	[+]
Personal Income Tax Rate	30.00	30.00	35.00	25.00	percent	[+]
Sales Tax Rate	16.50	16.50	17.50	16.50	percent	[+]
Social Security Rate	18.75	18.75	18.75	18.00	percent	[+]
Social Security Rate For Companies	12.00	12.00	12.00	11.50	percent	[+]
Social Security Rate For Employees	6.75	6.75	6.75	6.50	percent	[+]

In Jamaica, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Jamaica. This page provides - Jamaica Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Corporate Tax Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	25.00	25.00	33.33	25.00	2005 - 2018	percent	Yearly

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Country	Last		Previous	Range
Argentina	35.00	Dec/18	35	35 : 33	%
India	35.00	Dec/19	35	38.95 : 32.44	%
Brazil	34.00	Dec/19	34	37 : 25	%
France	31.00	Dec/19	33	50 : 31	%
Japan	30.86	Dec/19	30.86	52.4 : 30.86	%
Australia	30.00	Dec/19	30	49 : 30	%
Germany	30.00	Dec/19	30	56.8 : 29.4	%
Mexico	30.00	Dec/19	30	42 : 28	%
South Africa	28.00	Dec/18	28	37.8 : 28	%
Canada	26.50	Dec/18	26.5	50.9 : 26.1	%
China	25.00	Dec/19	25	33 : 25	%
Indonesia	25.00	Dec/18	25	39 : 25	%
Netherlands	25.00	Dec/18	25	48 : 25	%
South Korea	25.00	Dec/19	25	40 : 22	%
Spain	25.00	Dec/19	25	35 : 25	%
Italy	24.00	Dec/18	24	53.2 : 24	%
Turkey	22.00	Dec/19	22	33 : 20	%
United States	21.00	Dec/19	21	52.8 : 1	%
Russia	20.00	Dec/19	20	43 : 20	%
Saudi Arabia	20.00	Dec/18	20	45 : 20	%
United Kingdom	19.00	Dec/19	19	52 : 19	%
Switzerland	17.77	Dec/18	17.77	25 : 17.77	%
Singapore	17.00	Dec/19	17	26 : 17	%