AMCS Taxpayer's Guide to Payroll Statutory Remittances
The Guide considers the section of Jamaica's tax framework for Jamaica Taxation on Individuals - Payroll Statutory Remittances.
The Guide presents:
• The Social and Economic Policy of each tax type, the benefits, obligations and current financial position of each.
• The Labour Law
• Holiday Pay, Vacation Pay, Sick Pay, Worker's Compensation and considerations for Coronavirus measures
The Guide outlines tax treatment of payments made to Employees by Employers, and the tax requirements of: Persons with a job who Trade separately, Persons with more than one job, Persons who change jobs during the year and Persons who may have bundled payment packages which may include any or all of the topics covered, including: Trusts, Share Based Payments, Accommodation arrangements, Use of Credit Cards, Motor Vehicles, Travel Allowances etc.
The Guide provides legislative references and information on the topics covered and contains payroll tax rates for 2023.
The guide also contains information for preparation of: Payroll, S01 Employers Monthly Remittance Payroll Deductions due each month throughout the year, S02 Employers Annual Return, End of year Individual Tax Return for persons with more than one job, and Persons in receipt of pension payments, for the year ended December 31, 2023 due on or before March 31, 2024.
The Guide also covers tax treatment of Corona Virus Grants made to Employers and Employees. Contact AMCS Jamaica Limited for payment instructions. Persons may also pay in JMD. Contact AMCS Jamaica Limited for invoice and payment instructions Call 876-535-9755
The Guide presents:
• The Social and Economic Policy of each tax type, the benefits, obligations and current financial position of each.
• The Labour Law
• Holiday Pay, Vacation Pay, Sick Pay, Worker's Compensation and considerations for Coronavirus measures
The Guide outlines tax treatment of payments made to Employees by Employers, and the tax requirements of: Persons with a job who Trade separately, Persons with more than one job, Persons who change jobs during the year and Persons who may have bundled payment packages which may include any or all of the topics covered, including: Trusts, Share Based Payments, Accommodation arrangements, Use of Credit Cards, Motor Vehicles, Travel Allowances etc.
The Guide provides legislative references and information on the topics covered and contains payroll tax rates for 2023.
The guide also contains information for preparation of: Payroll, S01 Employers Monthly Remittance Payroll Deductions due each month throughout the year, S02 Employers Annual Return, End of year Individual Tax Return for persons with more than one job, and Persons in receipt of pension payments, for the year ended December 31, 2023 due on or before March 31, 2024.
The Guide also covers tax treatment of Corona Virus Grants made to Employers and Employees. Contact AMCS Jamaica Limited for payment instructions. Persons may also pay in JMD. Contact AMCS Jamaica Limited for invoice and payment instructions Call 876-535-9755
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