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How do I obtain an exemption and, or a refund of tax deducted? Apply to the Commissioner General (TAJ) for an exemption or a refund. Where the Commissioner General is satisfied that the individual depositor is not liable to Income tax - a) a certificate of exemption will be issued to the individual and or
Apr 19, 2024 · There are also provisions for tax exemptions based on age. The age exemption applies to all persons who are 65 years or older. The exemption for 2024 is $207,530, and $250,040 for 2025, onwards. Pensioners, 65 and over, will benefit from the pension exemption, age exemption and income tax threshold revisions.
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Income Tax and Pensioners. Income Tax and School Leavers. I ncome Tax for Individuals (Businesses) Income Tax Rates, Thresholds and Exemption (2003-2022) Notes and Instructions for completion of Returns of Income Tax Payable IT01 - IT05. Payroll Taxes and Contribution Rates - (Employee/Employer)
The functionality is now available via Tax Administration Jamaica’s (TAJ) eService platform for suppliers of Specified Services who qualify for and require a Withholding Tax on Specified Services Exemption Certificate to make this request online.
Apr 9, 2024 · The Jamaican Tax Administration April 4 issued Technical Advisory Guide No. 042024/01/IT-TA on the increase in the annual income tax threshold, and pension and age exemptions, effective April 1. The guide clarifies that: 1) the annual individual income tax threshold increased to an effective amount of J$1.6 million (US$10,345) for assessment ...
Jul 5, 2016 · The income tax threshold has been increased from $592,800 to $1,000,272. In addition to the sensitisation sessions, Ms. Haughton informed that TAJ has created guidance notes to assist accountants and payroll software developers. These notes, along with other relevant publications are available on TAJ’s website at www.jamaicatax.gov.jm ...
Mar 14, 2024 · At present, persons under 55 years receiving a pension from an approved statutory pension scheme or an approved superannuation scheme are entitled to a tax exemption of $80,000 restricted to the pension income only. If the pensioner is 55 years and over, the $80,000 tax exemption can also be applied to their other sources of income.
