Jamaica's headline corporate income tax (CIT) rate is 25-33.33% depending on entity type.
The headline personal income tax (PIT) rate is 30.
The standard VAT/GST (or equivalent consumption tax) rate is 15 (GCT). Registration thresholds, zero-rated and exempt categories, and reduced rates vary by jurisdiction - see the source link below for the full detail on this jurisdiction.
An individual is a Jamaican tax resident if they: spend at least 6 months in the tax year in Jamaica; visit with intent to establish residence and actually do so; have a place of abode available (personally or via spouse) and visit at any point in the tax year regardless of stay length; or habitually visit Jamaica for substantial periods totaling roughly 3 months. A company is resident if central management and control of its business - including director/shareholder meetings and major policy decisions - is exercised in Jamaica. A Jamaican resident corporation is taxed on worldwide income; non-resident companies only on Jamaica-source income. A non-domiciled individual working in Jamaica is taxed only on compensation attributable to Jamaica-related services (subject to certain exceptions).
Jamaica has no CFC regime. This is confirmed independently across multiple sources (Freeman Law's treaty summary and Dawgen Global's Jamaica tax guide both state directly there is no CFC regime in Jamaica).
Sources genuinely conflict on this point. A general deduction is available for interest paid on capital employed in acquiring income, with a withholding requirement on non-resident interest payments to secure the deduction - and PwC's detailed corporate deductions summary describes no fixed debt-to-equity ratio or EBITDA-based cap. However, a separate Dawgen Global cross-border structuring guide references "thin capitalisation rules" as a real constraint on intercompany debt structuring in Jamaica without specifying the ratio. Given this discrepancy, confirm the current specific mechanics (if any) directly with Tax Administration Jamaica (TAJ) or a Jamaica-licensed tax advisor before structuring related-party debt.
Jamaica has no domestic equivalent to the US FBAR/Form 8938 requiring Jamaican residents to self-report foreign accounts to Tax Administration Jamaica. Jamaica does participate in institutional cross-border transparency: it entered a Model 1 FATCA intergovernmental agreement with the US (Jamaican financial institutions report US-linked account data to TAJ, which relays it to the IRS), implemented the Common Reporting Standard (CRS) under local law in 2021, and has signed and ratified the OECD's Multilateral Instrument (MLI), filing its list of notifications and reservations with the OECD.
Jamaica maintains approximately 14 double tax treaties, including the US, Canada, China, and CARICOM member states - treaty interest rates for Jamaica's principal partners range from 7.5% (China) to 15% (Canada and CARICOM).