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What is 'Income Tax Threshold'?

On 1st April 2011, the 'Tax Administration Jamaica' (TAJ) was established, amalgamating the former Inland Revenue Department (IRD), Taxpayer Audit and Assessment Department (TAAD) and Tax Administration Services Department (TASD). It operates as a government funded department and is responsible for operating the country's revenue collecting service.

Under the current tax laws, each person is allowed to earn a certain amount of money before they have to pay tax on it. This is known as the Personal Income Tax threshold (PIT). The current PIT threshold is $507,312. If you earn under this amount of money, you will not have to pay tax, though may still have to pay contributions such as NIS, Education Tax and NHT.

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