implementation of withholding tax on specified services is postponed
The Ministry of Finance and Planning (MOFP) is advising that the implementation of withholding tax on specified services is postponed, until further notice. The Minister of Finance and Planning, Dr. the Honourable Peter Phillips and the Commissioner General, Tax Administration Jamaica (TAJ), Mr. Ainsley Powell recently met with stakeholders from various private sector groups and have agreed to delay implementation currently slated for June 1.
Further discussions will be held to examine issues raised related to the implementation of the new legislation, particularly for entities that currently do not issue withholding tax certificates. Upon conclusion of the discussions, TAJ will issue a release on any modifications agreed and the revised implementation date.