Jm Corporate Income Tax

---
name: jm-corporate-income-tax
description: "Source-cited draft: corporate income tax for Jamaica (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/jm-corporate-income-tax"
  jurisdiction: "JM"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Jamaica Corporate Income Tax

## Corporate income tax rates and base

- **Corporate tax classification and residence basis** — Jamaica applies different corporate rates depending on whether a company is 'regulated' (e.g. financial institutions) or 'unregulated'. Companies are taxed on worldwide income if resident.
- **Unregulated company rate** — 25% %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income))_
- **Regulated company rate** — 33 1/3% %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income))_
- **Building society rate** — 30% %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income))_
- **Life assurance company rate** — 25% %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income))_
- **Renewable energy IPP rate** — 25% for independent power producers with 75%+ renewable generation %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income))_
- **Tax base** — Worldwide income for tax-resident companies; Jamaica-source income for non-residents  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/taxes-on-corporate-income))_
- **WHT on dividends to non-residents** — 15% (reduced from prior 25% / 33 1/3%) %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes))_
- **WHT on dividends to residents** — 15% %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes))_
- **WHT on interest to non-residents** — 15% (non-treaty) %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes))_
- **WHT on royalties to non-residents** — 33 1/3% (non-treaty) %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes))_
- **WHT on management fees to non-residents** — 33 1/3% (non-treaty) %  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes))_
- **WHT remittance deadline** — Within 14 days of the end of the month in which payment is made  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/withholding-taxes))_
- **Corporate income tax return deadline** — Annual return (Form IT02) due 15 March of the following year  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/corporate/tax-administration))_
- **Corporate estimated tax** — Quarterly instalments (Form IT07) due 15 March, 15 June, 15 September, 15 December  _(Income Tax Act (https://taxsummaries.pwc.com/jamaica/individual/tax-administration))_
- **Asset tax (financial institutions)** — 0.25% on taxable assets of deposit-taking institutions, securities dealers and insurers %  _(Assets Tax (Specified Bodies) Act (https://taxsummaries.pwc.com/jamaica/corporate/other-taxes))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `jm-corporate-income-tax` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/jm-corporate-income-tax. If neither is available, confirm every figure against the official source pages cited above before relying on it.