The Sales Tax Rate in Jamaica stands at 16.50 percent.

Sales Tax Rate in Jamaica averaged 16.63 percent from 2006 until 2020, reaching an all time high of 17.50 percent in 2010 and a record low of 16.50 percent in 2007. This page provides - Jamaica Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Sales Tax Rate - VAT - values, historical data and charts - was last updated on October of 2020.

Sales Tax Rate in Jamaica is expected to reach 16.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Sales Tax Rate - VAT is projected to trend around 16.50 percent in 2021, according to our econometric models.

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Jamaica Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
16.50 16.50 17.50 16.50 2006 - 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 Sales Tax Rate - VAT
In Jamaica, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Jamaica.