Jamaica
Sources and data for Jamaica
Every value the calculators use, with its effective dates and a link to the official source.
Monthly income tax threshold for PAYE
- Current value
- J$158,530
- From
- 1 April 2026
- Until
- 31 March 2027
- Checked on
- 24 October 2026
Effective annual income tax threshold for the year of assessment
- Current value
- J$1,876,614
- From
- 1 January 2026
- Until
- 31 December 2026
- Checked on
- 24 October 2026
Income tax rate above the threshold
- Current value
- 25%
- From
- 1 January 2017
- Checked on
- 24 October 2026
Income tax rate on statutory income above $6 million a year
- Current value
- 30%
- From
- 1 January 2017
- Checked on
- 24 October 2026
Annual statutory income where the 30% rate starts
- Current value
- J$6,000,000
- From
- 1 January 2017
- Checked on
- 24 October 2026
Monthly statutory income where the 30% rate starts
- Current value
- J$500,000
- From
- 1 January 2017
- Checked on
- 24 October 2026
Age exemption for people 65 and over
- Current value
- J$250,040
- From
- 1 January 2025
- Checked on
- 24 October 2026
Pension income exemption
- Current value
- J$250,040
- From
- 1 January 2025
- Checked on
- 24 October 2026
NIS contribution, employee
- Current value
- 3%
- From
- 1 April 2024
- Checked on
- 24 October 2026
NIS contribution, employer
- Current value
- 3%
- From
- 1 April 2024
- Checked on
- 24 October 2026
NHT contribution, employee
- Current value
- 2%
- From
- 1 April 2024
- Checked on
- 24 October 2026
NHT contribution, employer
- Current value
- 3%
- From
- 1 April 2024
- Checked on
- 24 October 2026
Education Tax, employee
- Current value
- 2.25%
- From
- 1 April 2024
- Checked on
- 24 October 2026
Education Tax, employer
- Current value
- 3.5%
- From
- 1 April 2024
- Checked on
- 24 October 2026
HEART/NSTA Trust contribution, employer
- Current value
- 3%
- From
- 1 April 2024
- Checked on
- 24 October 2026
Annual wage ceiling for NIS contributions
- Current value
- J$5,000,000
- From
- 1 April 2024
- Checked on
- 24 October 2026
Annual payroll above which the employer pays HEART/NSTA Trust
- Current value
- J$173,328
- From
- 1 April 2024
- Checked on
- 24 October 2026
GCT standard rate
- Current value
- 15%
- From
- 1 April 2020
- Checked on
- 24 October 2026
Transfer tax on the market value of land
- Current value
- 2%
- From
- 24 October 2026
- Checked on
- 24 October 2026
Stamp duty on an agreement for sale, transfer or mortgage of $500,000 or more
- Current value
- J$5,000
- From
- 24 October 2026
- Checked on
- 24 October 2026
Stamp duty when the consideration is $499,999 or less
- Current value
- J$100
- From
- 24 October 2026
- Checked on
- 24 October 2026
Consideration from which the $5,000 stamp duty applies
- Current value
- J$500,000
- From
- 24 October 2026
- Checked on
- 24 October 2026
Surcharge on the stamp duty of a mortgage of land (1/4 of the duty)
- Current value
- 25%
- From
- 24 October 2026
- Checked on
- 24 October 2026
Property tax on unimproved value up to $30 million (after the first $400,000)
- Current value
Table with 8 brackets
J$0 / J$400,000 0% J$400,000 / J$800,000 0.5% J$800,000 / J$1,500,000 0.55% J$1,500,000 / J$3,000,000 0.6% J$3,000,000 / J$4,500,000 0.65% J$4,500,000 / J$7,000,000 0.7% J$7,000,000 / J$12,000,000 0.75% J$12,000,000 + 0.8% - From
- 1 April 2017
- Checked on
- 24 October 2026
Property tax on unimproved value above $30 million (after the first $400,000)
- Current value
Table with 9 brackets
J$0 / J$400,000 0% J$400,000 / J$800,000 0.5% J$800,000 / J$1,500,000 0.55% J$1,500,000 / J$3,000,000 0.6% J$3,000,000 / J$4,500,000 0.65% J$4,500,000 / J$7,000,000 0.7% J$7,000,000 / J$12,000,000 0.75% J$12,000,000 / J$30,000,000 0.85% J$30,000,000 + 0.9% - From
- 1 April 2017
- Checked on
- 24 October 2026
Property tax on the first $400,000 of unimproved value
- Current value
- J$1,000
- From
- 1 April 2017
- Checked on
- 24 October 2026
Unimproved value where the higher property tax schedule starts
- Current value
- J$30,000,000
- From
- 1 April 2017
- Checked on
- 24 October 2026
National minimum wage for a 40-hour week
- Current value
- J$17,000
- From
- 1 July 2026
- Checked on
- 24 October 2026
National minimum wage per hour
- Current value
- J$425
- From
- 1 July 2026
- Checked on
- 24 October 2026
Hours in a normal week under the National Minimum Wage Order
- Current value
- 40 hours
- From
- 1 June 2024
- Checked on
- 24 October 2026
Overtime rate (time and a half)
- Current value
- 1.5
- From
- 1 June 2024
- Checked on
- 24 October 2026
Rest day and public holiday rate (double time)
- Current value
- 2
- From
- 1 June 2024
- Checked on
- 24 October 2026
Days worked in the year needed to earn vacation leave
- Current value
- 110 days
- From
- 1 July 2024
- Checked on
- 24 October 2026
Days worked above which the full vacation applies
- Current value
- 220 days
- From
- 1 July 2024
- Checked on
- 24 October 2026
Days worked for each day of vacation or sick leave
- Current value
- 22 days
- From
- 1 July 2024
- Checked on
- 24 October 2026
Vacation leave after more than 220 days worked
- Current value
- 2 weeks
- From
- 1 July 2024
- Checked on
- 24 October 2026
Vacation leave with 10 or more years of service
- Current value
- 3 weeks
- From
- 1 July 2024
- Checked on
- 24 October 2026
Years of service for the longer vacation
- Current value
- 10 years
- From
- 1 July 2024
- Checked on
- 24 October 2026
Sick leave with pay after the first 12 months
- Current value
- 2 weeks
- From
- 1 July 2024
- Checked on
- 24 October 2026
Months during which sick leave is earned day by day
- Current value
- 12 months
- From
- 1 July 2024
- Checked on
- 24 October 2026
Maternity leave
- Current value
- 12 weeks
- From
- 1 July 2024
- Checked on
- 24 October 2026
Paid weeks of maternity leave
- Current value
- 8 weeks
- From
- 1 July 2024
- Checked on
- 24 October 2026
Continuous employment needed for paid maternity leave
- Current value
- 52 weeks
- From
- 1 July 2024
- Checked on
- 24 October 2026
Unpaid extension on medical grounds
- Current value
- 14 weeks
- From
- 1 July 2024
- Checked on
- 24 October 2026
Times paid maternity leave can be taken with one employer
- Current value
- 3
- From
- 1 July 2024
- Checked on
- 24 October 2026
Minimum notice from the employer by length of continuous service
- Current value
- Less than 5 years 2 weeks
- 5 years to less than 10 4 weeks
- 10 years to less than 15 6 weeks
- 15 years to less than 20 8 weeks
- 20 years or more 12 weeks
- From
- 24 October 2026
- Checked on
- 24 October 2026
Notice an employee must give
- Current value
- 2 weeks
- From
- 24 October 2026
- Checked on
- 24 October 2026
Redundancy pay for each of the first 10 years
No verified figure for today
Redundancy pay for each year after 10
No verified figure for today
Continuous employment needed for redundancy pay
No verified figure for today
NHT mortgage interest rate by weekly income
- Current value
Table with 4 brackets
J$0 / J$30,001 0% J$30,001 / J$42,001 2% J$42,001 / J$100,001 4% J$100,001 + 5% - From
- 24 October 2026
- Checked on
- 24 October 2026
Longest NHT repayment period
- Current value
- 40 years
- From
- 24 October 2026
- Checked on
- 24 October 2026
NHT open market loan limit for one applicant
- Current value
- J$9,000,000
- From
- 1 July 2025
- Checked on
- 24 October 2026
Motor car licence fee for 6 months by engine size
- Current value
- Not exceeding 1199cc J$4,620
- Exceeding 1199cc but not exceeding 2999cc J$6,300
- Exceeding 2999cc but not exceeding 3999cc J$14,400
- Exceeding 3999cc J$21,825
- From
- 24 October 2026
- Checked on
- 24 October 2026
Motor car licence fee for 12 months by engine size
- Current value
- Not exceeding 1199cc J$9,240
- Exceeding 1199cc but not exceeding 2999cc J$12,600
- Exceeding 2999cc but not exceeding 3999cc J$28,800
- Exceeding 3999cc J$43,650
- From
- 24 October 2026
- Checked on
- 24 October 2026
Motor car licence fee for 24 months by engine size
- Current value
- Not exceeding 1199cc J$18,480
- Exceeding 1199cc but not exceeding 2999cc J$25,200
- Exceeding 2999cc but not exceeding 3999cc J$57,600
- Exceeding 3999cc J$87,650
- From
- 24 October 2026
- Checked on
- 24 October 2026
Certificate of fitness fee for a private car
- Current value
- J$4,500
- From
- 24 October 2026
- Checked on
- 24 October 2026
Values that update automatically
BOJ weighted average selling rate, Jamaican dollars per US dollar
- Current value
- J$159.1578
- Latest figure
- 11 November 2026
BOJ weighted average buying rate, Jamaican dollars per US dollar
- Current value
- J$157.1476
- Latest figure
- 11 November 2026
All Jamaica point-to-point inflation rate (CPI)
- Current value
- No verified figure for today