With the July 1 revision to the Personal Income Tax (PIT) threshold to $1,000,272 and the tax rate for statutory income in excess of $6M increased to 30%, Tax Administration Jamaica (TAJ) has begun rolling out its sensitisation sessions by reaching out to professional bodies, interest groups and business persons, to explain details of the changes.
Last week, a team from the TAJ met with over 30 accountants and payroll staff of the Jamaica Co-operative Credit Union League (JCCUL) to discuss the implications of the PIT threshold revision, as well as to shed further light on the application of the changes concerning income in excess of $6M.
Ms. Claudette Christie, Communications and Advocacy Manager for the JCCUL expressed her appreciation for the session stating that that it was timely, informative and interactive, as TAJ personnel and her membership were able to walk through various scenarios to gain a comprehensive grasp. “I think the credit unions are going to benefit from this session tremendously, as they will be able to impart the
knowledge to staff and other persons in the organization, who will need the information to proceed with the application of the tax benefits” stated Ms. Christie.
Taxpayers in the western section of the island are also to benefit as two such sessions will be hosted by the Montego Bay Revenue Service Centre on Friday July 15, 2016 at the Baywest Training Facility. Sessions are also scheduled in Kingston for the clients of the large taxpayer office on Monday July 18 and Tuesday 19, 2016. Other sessions will be held island-wide for interest groups, stakeholders and members of the general public.
These sessions form part of TAJ’s education campaign to help individuals and businesses understand the details of the changes to Personal Income Tax, using a mix of communication strategies to include news releases, interviews, publications, social media, and updates to the TAJ corporate website. Additionally, Taxpayer Education teams, Technical Specialists and Client Relationship Managers are interfacing with payroll software developers, accountants, employers and other stakeholders to provide guidance, while TAJ’s Customer Care Centre Agents are handling telephone and email queries.
This change to Personal Income Tax forms part of the 2016-2017 Revenue Measures announced by Minister of Finance & the Public Service, the Hon. Audley Shaw in his Budget presentation in May.
Persons may contact the TAJ Customer Care Centre at 1-888-Tax-Help (1-888-829-4357) toll-free for further information or assistance.