DoubleTaxationTaxes on salary: Jamaica preliminary data
How much income tax and social contributions are paid on a salary in Jamaica, what a sole proprietor and a company pay, and which special regimes exist. Preliminary data.
Preliminary data: headline rates from official sources and bulletins of international organisations, without reliefs or special rules; being refined.
Calculation for a gross salary of €60,000 per year
| Gross salary | JMD 11,214,887 ≈ €60,000 |
|---|---|
| Income tax | JMD 2,550,313 ≈ €13,644 |
| Employee contributions | JMD 626,633 ≈ €3,353 |
| Take-home pay | JMD 8,037,942 ≈ €43,003 |
| Employer contributions and payroll taxes | JMD 1,215,414 ≈ €6,503 |
| Employer's labour cost | JMD 12,430,302 ≈ €66,503 |
Only some of the country's direct taxes and levies are counted: income tax on wages and compulsory contributions. Not counted: property and real-estate taxes; taxes on dividends, interest and other investment income; inheritance and gift taxes; indirect taxes such as VAT, excise and customs duties.
Taxes for sole proprietors and companies
Tax and contributions on the profit for a year; expenses are 10% of revenue, the company pays its profit out to the owner. Reliefs and local taxes are not included.
| Annual revenue | €30,000 JMD 5,607,444 | €60,000 JMD 11,214,887 | €120,000 JMD 22,429,774 |
|---|---|---|---|
| Sole proprietor | JMD 1,357,473 26.9 % | JMD 3,088,769 30.6 % | JMD 6,646,692 32.9 % |
| Company | JMD 1,829,428 36.3 % | JMD 3,658,857 36.3 % | JMD 7,317,714 36.3 % |
Special tax regimes
There are no special regimes for individuals.
Tax residence
The tax residence check does not cover Jamaica yet.
Assumptions
- Calculated with the OECD Taxing Wages methodology: income tax including local taxes plus employee social security; single person without children, tax year 2026, ECB rate of 2 January 2026.
- Exchange rate: 1 EUR = 186.914787 JMD (Bank of Jamaica — FX trading summary, weighted average selling rate for 2 Jan 2026, 2026-01-02) ↗
Sources
- Tax Administration Jamaica — Individual Income Tax Rates, Threshold and Exemptions 2013-2028
- Tax Administration Jamaica — Employers' Guide (Dec 2019), Appendix III statutory deductions
- Tax Administration Jamaica — Payroll Taxes and Statutory Contributions (Employee/Employer), updated Apr 2025: rates, NIS ceiling J$5m, YA 2026 threshold, worked examples
- Jamaica Information Service — New threshold and corporate income tax rate January 1 (2012)
- Jamaica Information Service — House Passes Income Tax (Amendment) Act (2013)
- Bank of Jamaica — FX rates and volumes search
- Tax Administration Jamaica — Taxes & Contributions for Self-employed Persons (rev. 03/2021): NIS 6% to J$5m from 2022, NHT 3%, Ed. Tax 2.25%
Data checked: 2026-11-08. An indicative calculation for a typical case. Not tax advice.