Click to view full size
The Jamaican government has announced a raft of measures aimed at improving the socio-economic situation of Jamaicans, including increasing the income tax threshold will to two million dollars (One Jamaica dollar=US$0.008 cents) over a three-year period.
Finance Minister Fayval Williams in her first-ever budget presentation to Parliament on Tuesday night, said that the income tax measure would go into effect from April 1, this year, without indicating the cost of the initiative to the treasury.
She told legislators that the threshold would first rise to J$1.8 million, increasing slightly to J$1.9 million, and finally to two million dollars.
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
Related stories
See articles related to "Jamaican government outlines raft of measures aimed at helping citizens"