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WiredJa Online News

JAMAICA | Opposition wants Gov't to remove GCT from computers and tablets

KINGSTON, JAMAICA, September 23, 2020: Shadow Minister of Science and Technology, Julian Robinson, M.P., is renewing a call he first made in June, during his Sectoral Debate presentation for the government to remove GCT on tablets and computer devices to make them more affordable for students.

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  • Countries Jamaica

JAMAICA | Government to reduce GCT to 15% as of April 1

KINGSTON, Jamaica, March 11, 2020 - Minister of Finance and the Public Service Dr Nigel Clarke says government will be reducing the general consumption tax (GCT) by 1.5 per cent as of the first of April 2020, which will move the rate from the present 16.5 percent to 15% (fifteen) percent.

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  • Countries Jamaica

Farmers, manufacturers to get General Consumption tax break

KINGSTON, NOVEMBER 9, 2016 - Jamaica's Farmers and manufacturers are set to benefit from  the removal of General Consumption Tax (GCT) on a long list of agricultural inputs approved by Jamaica's Cabinet. Minister of Industry, Commerce, Agriculture and Fisheries,  Karl Samuda, told yesterday's sitting of the House of Representatives that this is expected to cost the government $4.2 billion. Some of the agricultural inputs include semi-trailers, chain wire fencing; cooling and storage tanks, multipurpose fish-feeding machines, artificial insemination equipment, laboratory equipment, and medicaments and supplements. Mr. Samuda said the amendments seek to ensure that farmers have access to modern equipment and inputs. “The current list of zero-rated items for the sector is too limited. Our vision for agriculture is bigger and we must empower our farmers to enter the modern era,” Mr. Samuda said. The Minister further informed the House that Cabinet also considered measures in manufacturing and agreed to remove the rate of Special Consumption Tax now payable on alcohol used in the manufacturing process. “This is consistent with our pro-growth strategy as we attempt to attract investment in the two most economic areas of our country – the manufacturing and the agricultural sectors,” Mr. Samuda said.

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  • Countries Jamaica
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