Americas · JMD
Jamaica
Reviewed 2026-06-21
Top income tax
30%
Self-employed SS
Yes
VAT
15%
Capital gains
0%
Exit tax
No
Nomad visa
No
57
/ 100
Tax efficiency44
Ease to enter49
Ease to exit93
Cost of living50
Internet50
English100
Jamaica taxes residents on worldwide income with a two-band personal rate of 25% and 30%, plus a generous tax-free threshold and several payroll levies (NIS, NHT, education tax) that also apply to the self-employed. There is no capital gains tax, no wealth tax, and no inheritance or gift tax, though a 2% transfer tax applies to disposals of land, buildings, and shares, including on a domiciled person's estate at death. The standard corporate rate for unregulated companies is 25% and General Consumption Tax (GCT) is 15%, but there is no formal digital nomad visa for most nationalities.
Personal income tax
Income tax structureProgressive
Top income tax rate30%
Entry income tax rate25%
Top rate threshold$38,000
Taxation basisWorldwide
Local/state income taxNo
Social security
Self-employed social securityYes
Employee SS rate3%
Employer SS rate3%
Indirect & other taxes
VAT standard rate15%
Capital gains rate0%
Long-hold CGT exemptionNo
Wealth taxNo
Inheritance/gift taxNo
Property taxNo
Exit & residency
Exit taxNo
EU/EEA deferralNo
Days to trigger residency183 days
Corporate
Corporate income tax rate25%
WHT on dividends15%
CFC rulesNo
Incentives & special regimes
Special expat regimeNo
Immigration & setup
Digital nomad visaNo
Entrepreneur visaNo
Ease of setup3 / 5
Lifestyle
English proficiencyHigh
Civil liberties78
Sources
- PwC Worldwide Tax Summaries — Jamaica Individual: Taxes on personal income
- PwC Worldwide Tax Summaries — Jamaica Individual: Other taxes (NIS, NHT, education tax, GCT, transfer tax)
- PwC Worldwide Tax Summaries — Jamaica Corporate: Taxes on corporate income and dividend WHT
- PwC Worldwide Tax Summaries — Jamaica Individual: Residence
- PwC Worldwide Tax Summaries — Jamaica Corporate: Group taxation (CFC)
Informational only. Nothing here is tax, legal, or financial advice. Tax rules change often and vary by personal circumstance. Verify every figure against an official source and a qualified adviser before acting. Figures are re-expressed from public sources and cited per country.