Caribbean & Atlantic
Jamaica tax rates 2026
Progressive income tax up to 30%, a 25% corporate tax rate (33⅓% for regulated companies) and a 15% GCT.
Worldwide (residence-based)
Last verified
The taxes
| Personal income (top) | 30%25% above the tax-free threshold, rising to 30% on income over JMD 6 million. |
|---|---|
| Corporate income | 25% |
| Capital gains | None. A transfer tax of roughly 2–5% applies to transfers of property and securities. |
| VAT / GCT | 15% |
| Dividends (WHT) | 15% |
| Interest (WHT) | 25% |
| Royalties (WHT) | 33.33% |
| Social security (employee) | Roughly 7.25%, covering NIS, NHT and education tax. |
| Social security (employer) | Roughly 12.5%, covering NIS, NHT, education tax and HEART. |
| Wealth tax | None |
| Inheritance / estate | None. A transfer tax of roughly 1.5% applies on death. |
| Property tax | A banded property tax on unimproved land value. |
| Other | Education tax, plus NHT and HEART contributions. |
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Not participating
Rates checked July 2026: the top marginal income tax rate, the standard VAT rate and the main corporate rate.