In April of this year, the Minister of Finance and the Public Service – Audley Shaw – announced in Parliament that effective January 1, 2010, stamp duty would be reduced from 4.5% to 3%, and transfer tax from 5% to 4%. This was seen as an effort to help boost Jamaica’s ailing real estate market, [...]
Posts Tagged ‘Property Tax’
Property Taxes Due June 30
Property owners are being reminded that they have until June 30 to pay their property tax for the 2009 – 2010 period. After that, a 10% penalty will be applied for late payment.
Remember also that you have the option to make property tax payments in half-yearly installments (April 1 and October 1) or quarterly (April [...]
Property Tax Deadline Extended
The Government’s Tax Administration Department has extended the deadline for persons to pay 2009-2010 period property tax due to June 30. Persons have until then to pay their outstanding property taxes – without the 10 per cent penalty being applied for late payment.
Property owners are being encouraged to make use of the extension and make [...]