The Social Security Rate For Companies in Jamaica stands at 12 percent. source: Ministry of Labour and Social Security

Social Security Rate For Companies in Jamaica averaged 11.71 percent from 2004 until 2020, reaching an all time high of 12 percent in 2014 and a record low of 11.50 percent in 2005. This page provides - Jamaica Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Social Security Rate For Companies - values, historical data and charts - was last updated on April of 2021.

Social Security Rate For Companies in Jamaica is expected to reach 12.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Social Security Rate For Companies is projected to trend around 12.00 percent in 2021, according to our econometric models.

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Jamaica Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 12.00 11.50 2004 - 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 Social Security Rate For Companies
In Jamaica, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Jamaica because they help to pay for many social programs including welfare, health care and many other benefits.