AMCS Taxpayer's Guide to Individual Taxation
This Guide explains Jamaica's Taxation System for Individuals - Self-Employed Individuals, Professionals, Professional Sports Players and Persons in the Performing Arts, including Double Taxation requirements for Persons who perform in territories outside Jamaica during the year.
The Guide inlcudes fully worked example of Self Employed Professional Trading on his own in more than one activity and examines the difference in filing requirements and tax liability for persons who trade as a Sole Proprietor /Self Employed Professional and persons who trade as a Company.
The Guide also provides a fully worked example of a Professional Sports Player, including Double Taxation requirements for Persons who perform in territories outside Jamaica during the year. The Guide also considers persons who play in team sports and their statutory tax requirements.
A segment has been included for those in the Performing Arts and a fully worked example of a Performing Artiste who travelled to the U.S. to do business, including U.S. tax return and local tax return.
The Guide also explains Jamaica's tax requirements for Non Residents who visit Jamaica to provide services and their tax return filing requirements & Non Residents/Expatriates who travel to Jamaica to commence employment contracts.
The Guide outlines tax treatment of payments made by Employers to Employees, and the tax requirements of: Persons with a job who Trade separately, Persons with more than one job and Pensioners.
The Guide provides legislative references and information on the topics covered.
Contact AMCS Jamaica Limited for payment instructions on how to Order and Pay in JMD Call 876-535-9755
The Guide inlcudes fully worked example of Self Employed Professional Trading on his own in more than one activity and examines the difference in filing requirements and tax liability for persons who trade as a Sole Proprietor /Self Employed Professional and persons who trade as a Company.
The Guide also provides a fully worked example of a Professional Sports Player, including Double Taxation requirements for Persons who perform in territories outside Jamaica during the year. The Guide also considers persons who play in team sports and their statutory tax requirements.
A segment has been included for those in the Performing Arts and a fully worked example of a Performing Artiste who travelled to the U.S. to do business, including U.S. tax return and local tax return.
The Guide also explains Jamaica's tax requirements for Non Residents who visit Jamaica to provide services and their tax return filing requirements & Non Residents/Expatriates who travel to Jamaica to commence employment contracts.
The Guide outlines tax treatment of payments made by Employers to Employees, and the tax requirements of: Persons with a job who Trade separately, Persons with more than one job and Pensioners.
The Guide provides legislative references and information on the topics covered.
Contact AMCS Jamaica Limited for payment instructions on how to Order and Pay in JMD Call 876-535-9755
• Jamaica's Tax System
• Jamaica's Tax System for Individuals: ‣ Self-Employed Persons Trading as: ‣ Professionals ‣Independent Contractors ‣Businesses ‣Companies ‣ Professional Sports Players ‣ Persons in Performing Arts ‣ Double Tax Treaty ‣ Non-Residents ‣ Employees |
FULLY WORKED EXAMPLES AND TAX CASES ONE YEAR |
Items to be considered when computing taxable emoluments:
• Overtime Payments • Bonus,Commission |
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• Tips, Prizes and Awards
• Meal Allowances • Credit Cards • Share Based Payments • Compensation for Changes to Contract • Concessionary Loans • Pensions • Trusts • Directors Payments • Employees With More Than One Job • Employees Who Change Jobs During The Year |
• Uniform and Laundry Allowances
• Travelling Allowances • Motor Vehicle Benefit • Accommodation / Housing Allowances • Telephone Expenses • Lump Sum Payments • Employee Share Ownership Plan NIS, NHT , Education Tax, HEART
• Contributions • Benefits • Claims |