Tax Administration Jamaica wishes to advise that the deadline to file Final Income Tax Returns for year of assessment 2017 and Estimated Income and Asset Tax Returns for year of assessment 2018 has been extended until Saturday March 24, 2018. Business Owners, Self-Employed persons, Partnerships, Companies and Employed Individuals with other sources of income or multiple employment, will now have until then to file their returns before the interest and penalties are applied.
Select Tax Offices will be opened Saturday March 24 in order to accommodate the extended filing date.
Taxpayers will be able to file on or before the extended deadline to avoid the $5,000 monthly penalty charged for late returns which will be applied on March 25. With tax season drawing to a close persons are strongly advised to file and pay before the extended due date to avoid the expected higher than normal last minute rush.
TAJ will continue its Special Taxpayer Assistance Programme (STAP) sessions to facilitate the extended due date. A schedule of the remaining sessions is available at www.jamaicatax.gov.jm. Here, TAJ representatives will assist persons with the preparation of their tax returns, to include providing guidance on completing the revised Income Tax forms.
Taxpayers who wish to make the most of the free service are reminded to take with them all business related documents, including their Taxpayer Registration Number (TRN), bank statements, purchase invoices, receipts, sales records, utility bills, wage records and any other records that can be used to verify income and expenses.
For further information call the Tax Administration Customer Care Centre at 1-888-Tax-Help (1-888-829-4357) or visit the website www.jamaicatax.gov.jm.