- Jamaica’s tax administration has launched a Special Arrears Settlement Programme
- The programme waives Interest, Penalty, and Surcharge once outstanding principal taxes are paid by 31 March 2025
- It is expected to streamline the process of settling outstanding debts for selected tax types
- All persons and businesses can participate to clear their debts without additional costs
- The programme aims to collect JMD 10 billion in outstanding taxes by 31 March 2025
- Taxpayers have until 31 March 2025 to clear arrears for specific tax types
- The programme is restricted to outstanding principal tax up to the Year of Assessment 2024 and Period of Assessment 2025
- Taxpayers must be current with their filing obligations to participate
- Taxpayers are encouraged to contact Tax Administration Jamaica to arrange payment by the deadline
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
