Companies and self-employed persons are reminded that Tuesday, June 15 is the due date to pay their 2nd quarterly estimated income tax for 2010 and that the Tax Administration has introduced an online payment option to make it easier to do so.
Business persons are now able to log on to the Tax Portal at www.jamaicatax-online.gov.jm from the convenience of their home or office and at any time, to pay their estimated income tax, using a valid major credit card. The Tax Administration’s online service, which was expanded in March 2010, now accommodates the filing and payment of all major tax types, including Property Tax, General Consumption Tax and Payroll Taxes.
In addition to the online option, business persons are reminded that estimated income tax payments may be made at any of the 29 tax offices. Persons paying by cheque may also pay using the electronic drop boxes located in main tax offices.
Under the Income Tax Act, taxpayers are required to pay estimated income tax to the Collector of Taxes, Inland Revenue Department in four (4) quarterly instalments by March 15, June 15, September 15 and December 15 each year, based on the income they estimate they will earn for thecurrent year. It should be noted however that this requirement does not apply to persons whose only source of income is from employment and whose taxes are paid under the Pay As You Earn (PAYE) system.
For further information persons may contact our Customer Care Centre at 1-888-TAX-HELP (1-888
829-4357) toll-free or visit our website www.jamaicatax.gov.jm. |
