Newest addition to the tax payment options was designed to reduce and remove the manual direct banking arrangements
Tax Administration Jamaica (TAJ) has further expanded its successful Direct Funds Transfer (DFT) payment channel.
TAJ has added Stamp Duty and Transfer Tax as a payment type and including its Scotiabank account as a beneficiary account.
The following taxes can be paid using the DFT option:
• Payroll Taxes (PAYE; Ed Tax; NIS; NHT & HEART)
• Company Income Tax
• Individual Income Tax
• Asset Tax
• GCT Withholding Tax
• General Consumption Tax
• Special Consumption Tax
• Telephone Call Tax
• Guest Accommodation Room Tax
• Environmental Protection Levy
• Withholding Taxes
• Contractors Levy
• Trade and Business Licences
• Composition Stamp Duty
• Betting, Gaming and Lotteries Tax
• Stamp Duty and Transfer Tax
Additionally, customers may now opt to transfer sums from their own bank account to either TAJ’s National Commercial Bank or Scotiabank accounts, using ACH or RTGS.
For National Commercial Bank
Tax Administration Jamaica’s Bank Account
Beneficiary Bank: National Commercial Bank
Account Name: Tax Administration Jamaica
Account Number: 061-006-761
Financial Institution ID: 00006077
Bank Code: 077
Branch Code: 00006
Account Type: Current
For Bank of Nova Scotia Jamaica Limited
Tax Administration Jamaica’s Bank Account
Beneficiary Bank: Bank of Nova Scotia Ja. Ltd
Account Name: Tax Administration Jamaica
Account Number: 1813
Branch: Scotia Centre
Currency: JMD
Branch Code: 50765
Account Type: Chequing
An additional benefit to customers utilising the new procedure, is being able to access and print their own official receipts from the TAJ website at www.jamaicatax.gov.jm.
Customers using the DFT option are required to first generate a Payment Advice on TAJ’s website via their Revenue Administration Information System (RAIS) eService account, which has been enhanced to include a Direct Funds Transfer Number (DFTN).
When transferring the funds to either of TAJ’s bank accounts the customer must enter the DFTN as the very first item in the particulars/memo field thereby communicating to TAJ the instructions to enable RAIS to automatically generate the receipts for payments, which may then be printed from TAJ’s website by the customer.
Customers are also reminded that they have several other electronic payment options available to them, such as via the TAJ website, using a credit card or other bank card with credit card features; ACH electronic funds transfer for Scotiabank customers; or NCB Online Bill Payment option for customers of NCB.
This newest addition to the Tax Authority’s payment options was designed to reduce and remove the manual direct banking arrangements which previously existed. It has also improved the ease of doing business with the TAJ, as it continues to re-engineer its business processes to offer a fully automated direct funds transfer solution.
For further information and support to utilize the Direct Funds Transfer service, customers assigned to the Large Taxpayer Office may contact their Client Relationship Manager. Other customers may contact a Taxpayer Education Officer, the TAJ Customer Care Centre at 888-TAX-HELP (888-829-4357) or access the relevant “How To” guides or information hub on the TAJ website, which includes a brochure, guides, and other useful material at www.jamaicatax.gov.jm
Comments