Tax Administration Jamaica (TAJ) is reminding business persons that their 2nd quarter Estimated Corporate Income Tax and Self-employed Statutory Payments are due today Thursday, June 15, 2023.
Additionally, Employer’s Monthly Statutory Payroll Deductions (S01) for the month of May were due yesterday. These include:
- Statutory Deductions (S01) for May
- Estimated Corporate Income Tax (2nd quarter)
- Self-Employed Statutory Payments (2nd quarter)
- Stamp Duty (2nd quarter)
- Trade Licence
- Withholding Tax
Business persons are reminded that they have several payment options at their fingertips, these include via TAJ’s tax portal using a credit card or any banking card with credit card features, Scotiabank’s electronic funds transfer via TAJ’s website up to a maximum of $99,999,999, using the National Commercial Bank’s online platform by adding TAJ as a payee or via the new Direct Funds Transfer process. Scotia Bank clients may pay via Scotia Online and Mobile App.
In addition to the various online options now available, persons are being reminded that tax payments may still be made at any of the 28 Tax Offices. Employers paying over monthly statutory deductions are reminded that they can benefit from an Employment Tax Credit by paying their S01 on time.
Persons are also encouraged to honour their tax obligations by making payments on or before the respective due dates to avoid additional interest and penalties.