Jamaica Social Security Rate For Companies

The Social Security Rate For Companies in Jamaica stands at 12 percent. Social Security Rate For Companies in Jamaica averaged 11.67 percent from 2004 until 2018, reaching an all time high of 12 percent in 2014 and a record low of 11.50 percent in 2005.

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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 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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	12.00	12.00	12.00	11.50	2004 - 2019	percent	Yearly

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Country	Last		Previous	Range
France	45.00	Dec/18	45	45 : 37.9	%
China	37.00	Dec/18	37	37 : 37	%
Italy	30.00	Dec/19	30	45.9 : 30	%
Russia	30.00	Dec/19	30	35.6 : 26	%
Spain	29.90	Dec/19	29.9	33.7 : 29.9	%
Brazil	28.80	Dec/19	28.8	31.8 : 20	%
Argentina	26.70	Dec/19	26.7	27 : 26.7	%
Turkey	22.50	Dec/19	22.5	22.5 : 16.5	%
Netherlands	19.80	Dec/19	19	21.25 : 17.4	%
Germany	19.44	Dec/19	19.38	21 : 16.7	%
Singapore	17.00	Dec/19	17	17 : 13	%
Japan	14.75	Dec/18	14.75	15.2 : 6.8	%
United Kingdom	13.80	Dec/19	13.8	13.8 : 10.2	%
India	12.00	Dec/18	12	12 : 12	%
Saudi Arabia	12.00	Dec/18	12	12 : 11	%
South Korea	10.40	Dec/18	10.4	10.4 : 8.5	%
Australia	9.50	Dec/19	9.5	9.5 : 9	%
United States	7.65	Dec/18	7.65	10.1 : 7.65	%
Mexico	7.58	Dec/18	7.58	14.7 : 7.58	%
Canada	7.37	Dec/19	7.27	7.9 : 4.3	%
Switzerland	6.00	Dec/19	6	11.55 : 6	%
Indonesia	5.74	Dec/18	5.74	11.74 : 5.74	%
South Africa	1.00	Dec/19	1	2 : 1	%