Jamaican Senate Approves Income Tax (Amendment) Act 2022 to Comply with International Obligations

The Jamaican government information service has published a release announcing that the Senate approved the Income Tax (Amendment) Act 2022 on 17 November 2022 to ensure conformity with international obligations. The release notes that the legislation is a companion to the Special Economic Zone (Amendment) Act, which included explicitly substance requirements to enjoy the benefits of operating in an SEZ, as well as restrictions on intellectual property activities in SEZs (previous coverage).…