Rachel's CafeAll things coffee…

What are income taxes like on Jamaica?

Right now we live in Canada. My wife is Jamaican and I’m from Europe. Now I’m looking at countries where I can invest and not get strangled by taxes. Say, if I was running a tourist and property business on Jamaican what would taxes be like? What about plantation businesses, say if I was growing coffee and coca beans?

The income tax rate in Jamaica is pretty reasonable at 25% for annual earnings over around US$5000.
People making less than J$440,000 (approx US$5000) don’t pay income tax and you don’t pay tax on that portion of your income if u make over that amount.
The tax rate used to be variable up to 33% depending on how much you earned then they changed to this simpler system.

There is also a heavy 17.5% tax that you pay on everything you buy in Jamaica.

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