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. This page provides - Jamaica Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Corporate Tax Rate - values, historical data and charts - was last updated on August of 2020.

Corporate Tax Rate in Jamaica is expected to reach 25.00 percent by the end of 2020, 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 2021, according to our econometric models.

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Jamaica Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
25.00 25.00 33.33 25.00 2005 - 2020 percent Yearly

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 [+]


Jamaica Corporate Tax Rate
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.