Reforming Jamaica's tax system - News - Jamaica Gleaner - Monday | April 9, 2012

Reforming Jamaica's tax system - News - Jamaica Gleaner - Monday | April 9, 2012: "THE PARLIAMENTARY committee considering reform of Jamaica's tax system has been told it needs to complete its work by the end of this month.

"We need to conclude all our work to enable the White Paper to be presented at the time of the Budget," Dr Peter Phillips, the minister of finance, has said.

Below is a summary of the tax reform proposal that Parliament is being asked to consider.

1. A three-year tax-reform programme (TRP)

2. A reduction in income tax rates and/or increase in the PIT threshold

3. A reduction in the GCT rate(s) and a widening of the GCT base"

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