TAJ Launches Special Arrears Settlement Program

Tax Administration Jamaica (TAJ) is announcing the launch of a Special Arrears Settlement Programme, designed to waive/remit Interest, Penalty and Surcharge (IPS) accrued once outstanding principal taxes are paid by March 31, 2025. This provides an opportunity for all persons and businesses, whether self-employed, company or organisations, to clear their debts, without the additional costs typically associated with late filing and payments related to several tax types and become compliant.

Taxpayers with outstanding principal amounts for the select tax types:

• Education Tax

• Corporate Income Tax

• Individual Income

• Pay As You Earn

• Special Consumption Tax

• General Consumption Tax

• Asset Tax

• Partnership Income Tax

will have the opportunity up until March 31, 2025 to settle their arrears, and have the IPS waived by the same percentage that the outstanding principal has been settled.

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