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The Reverse Income Tax Credit is a financial initiative of the Government of Jamaica (GOJ) designed to assist persons earning below $3M annually, who meet the specific criteria, to receive a one-off payment of JMD $ 20,000.00. Apply Here.
Tax Administration Jamaica - TAJ Portal
25 Οκτ 2024 · Tax in Jamaica. Tax Administration Jamaica (TAJ) is reporting that at 2:30 pm over 219,431 eligible taxpayers have successfully submitted their applications for the Reverse Income Tax Credit (RITC), since its launch a week ago on October 2, 2024.
10 Οκτ 2024 · The Tax Authority has created a Reverse Income Tax Credit Hub on its tax portal at www.jamaicatax.gov.jm, to facilitate persons submitting applications and getting relevant information about RITC to include Frequently Asked Questions.
The Full Story. With just over three weeks since the October 2, 2024 launch of the Government of Jamaica’s Reverse Income Tax Credit (RITC), Tax Administration Jamaica (TAJ) is reporting 262,638 eligible applications approved for processing and subsequent disbursement. The tax giveback is a one-time payment of $20,000 to eligible taxpayers ...
2 Οκτ 2024 · To qualify for the tax credit, self-employed individuals must have filed their Annual Return of Income, Taxes and Contributions payable (S04) for the year of assessment 2023 and paid the required statutory obligations in full by August 31, 2024.
