The Government of Jamaica has collected less revenue than it expected from the recently introduced Minimum Business Tax.
The total collected so far is $278 million, instead of the $300 million dollars projected.
The Minimum Business Tax, which took effect on April 1 this year, applies to certain companies and individuals.
They include entities registered in Jamaica, individuals operating a trade, profession, vocation or business; and who satisfy a gross revenue threshold.
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Minimum Business Tax yields less revenue than projected
