There’s more alarming information concerning tax compliance in Jamaica.
Finance Minister Dr. Peter Phillips says the number of tax delinquents has grown and among them are large corporations.
During yesterday’s Parliamentary debate on two pieces of legislation to improve tax collection the Finance Minister said less than half of registered companies in Jamaica are tax compliant. The Finance Minister expressed concern about the level of delinquency by large companies
The Tax Collection Miscellaneous Provisions Act; and the Tax Penalties Harmonisation Act, were passed in the House of Representatives yesterday. And Dr. Phillips said the new pieces of legislation will work in tandem with other laws to improve tax collection. He said the goal is to create equity as it relates to tax compliance
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Tax dodgers beware!
