Tax Administration Jamaica (TAJ) has officially extended its Special Arrears Settlement Programme to May 31, 2025, giving taxpayers additional time to regularize their tax affairs. This extension represents a major opportunity for individuals and businesses alike to clear outstanding tax liabilities by paying principal amounts and benefiting from waivers on Interest, Penalties, and Surcharges (IPS).
The programme, originally set for eight weeks, saw overwhelming participation, surpassing its J$10 billion target by J$500 million and unlocking approximately J$12 billion in IPS waivers. Despite the success, TAJ noted that a significant number of taxpayers still carry arrears and IPS, many of whom were constrained by the tight timeline. The extension provides much-needed breathing room for these taxpayers to participate.
The waiver applies across multiple tax categories, including:
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Corporate Income Tax
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Individual Income Tax
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Pay As You Earn (PAYE)
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General Consumption Tax (GCT)
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Special Consumption Tax (SCT)
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Education Tax
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Asset Tax
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Partnership Income Tax
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Withholding Taxes related to income tax
TAJ has emphasized that GCT taxpayers and those without outstanding principal but with IPS balances must submit formal, written applications to qualify. Furthermore, taxpayers with objections or appeals can also benefit, provided principal amounts are paid.
How Dawgen Global Can Support You
At Dawgen Global, our Tax Team is well-positioned to help individuals, entrepreneurs, and companies navigate this programme and take full advantage of the amnesty. Here’s how we can assist:
✅ Tax Health Check: We’ll review your historical tax filings and identify any arrears or IPS liabilities.
✅ Eligibility Assessment: We’ll determine your eligibility across all applicable tax types.
✅ Application Support: We’ll prepare and submit the required written applications, especially for GCT waivers.
✅ Negotiation & Representation: If you’re under audit, objection, or appeal, we can represent you in discussions with TAJ.
✅ Compliance Roadmap: Beyond this programme, we help you implement strategies for long-term tax compliance.
Don’t Miss This Window of Opportunity
With over J$47 billion in outstanding principal and J$51 billion in IPS already identified by TAJ, this amnesty is a crucial opportunity for taxpayers to reset and move forward without the weight of penalties.
📅 Deadline: May 31, 2025
Let Dawgen Global help you make the most of this tax relief initiative.
Next Step!
“Embrace BIG FIRM capabilities without the big firm price at Dawgen Global, your committed partner in carving a pathway to continual progress in the vibrant Caribbean region. Our integrated, multidisciplinary approach is finely tuned to address the unique intricacies and lucrative prospects that the region has to offer. Offering a rich array of services, including audit, accounting, tax, IT, HR, risk management, and more, we facilitate smarter and more effective decisions that set the stage for unprecedented triumphs. Let’s collaborate and craft a future where every decision is a steppingstone to greater success. Reach out to explore a partnership that promises not just growth but a future beaming with opportunities and achievements.
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