Chambers Henry has compiled a list of answers to frequently-asked questions we hear from our clients from time to time. Search by keywords, or click on each category below to see questions and answers.
Sources:
“Facts on Income Tax”. Taxpayer Audit and Assessment Department (TAAD) and the Tax Administration Services Department (TASD)
“101 Frequently Asked Questions”. Jamaica Tax Administration booklet
Income Tax
Q. How do you calculate the tax-free portion of a redundancy payment?
For employment of three years or more, use the formula:
2 ¼ x Average Annual Pay for the last three years x the number of years of service, divided by 33 1/3 years.
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