Jamaican Revenue Measures for 2014/15

Jamaica's Minister of Finance and Planning presented to parliament a set of revenue measures on 17 April 2014 in order to raise JMD 6.7 billion to finance the 2014/15 budget. Certain measures were withdrawn and additional measures were proposed on 29 April.

The measures are as follows:

Unified tax rate on alcoholic beverages

The rates of special consumption tax on alcoholic beverage will be unified at JMD 1,120 per liter of pure alcohol from 22 April 2014. The implementation of the unif…