Advertorial | Two Weeks to Go to File Income Tax Returns – March 17!

Content created and paid for by Tax Administration Jamaica 

With just two weeks remaining until March 17, this year's deadline for filing income tax returns, taxpayers are reminded to submit their returns on time to avoid penalties and interest.

Who Needs to File?

Individuals and businesses earning income in Jamaica are required to file an income tax return. This includes:

Self-employed persons, Partnerships, companies, Company Directors, and other corporate entities registered in Jamaica. Employed individuals with additional sources of income, such as rental, investments, or side businesses. Persons required to file under the Pay As You Earn (PAYE) system who wish to claim refunds or declare additional income.

Want to Know How to File?

Taxpayers are required to file online using the TAJ Tax Portal at www.jamaicatax.gov.jm. The process is simple and secure:

ü Log in or create an account on the TAJ Tax Portal.

ü Select the "Manage my E-services Account under the E-services tab, then select the Income Tax return type (Individual, Self-Employed, or Business).

ü Complete the return by entering information relative to your business (income from all sources and allowable expenses and deductions)

ü Upload supporting documents, where applicable.

ü Submit and pay any outstanding taxes via TAJ website at www.jamaicatax.gov.jm, NCB or Scotia online banking, Direct Funds Transfer or at a Tax Office.

What is to be Filed and Paid?

All categories of persons must file an Income Tax Final Return for last year (2024) and also file an Estimated Income Tax Return indicating the estimated or projected income and the tax payable for the current year (2025).

Specific returns are provided for the different categories of taxpayers. For example, a self-employed person or an employed person with other sources of income would use Form S04, while a company would use a Form IT02. To declare the estimated income and tax payable, self-employed persons would use a Form S04A, while a company and other organizations would use a Form IT07.Other return forms include;

IT03 – Filed by unincorporated bodies not being individuals (e.g. Partnership, Trusts)

IT05 – For individuals being employed persons or pensioners applying for refund.

IT12 – Filed by approved Charities

IT15 – Filed by approved developers and Occupants operating in Special Economic Zones

Need Help?

TAJ provides assistance through the Special Taxpayer Assistance Programme sessions, Income Tax Hub on TAJ's website at www.jamaicatax.gov.jm, or customer care at 888-TAX-HELP (888-829-4357).

Don't wait until the last minute;file your taxes now to avoid penalties!

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