IMF Jamaica Calendar
n Additional qualified staff to be recruited to assist in the strengthening of the macro-fiscal capacity of the Ministry of Finance and the Public Service.
n Most imprest accounts will be terminated with the expansion and improvement of the Treasury Single Account at the Bank of Jamaica.
n Under the Banking Services Act, the code of conduct on consumer related matters will be issued.
n Regulations pertaining to agent banking will be tabled.
n New performance criteria under the IMF programme for September 2016 are proposed.
* Thirteenth review and end-June 2016 performance criteria.
n Following up on the entity-by-entity review of all grandfathered tax incentives, the Fiscal Impacts Report will be produced.
n Completion of staffing of Tax Administration Jamaica as a semi-autonomous revenue authority.
n A new procurement manual will be prepared with the assistance of the Inter-American Development Bank.
n Fourteenth Review and end-September 2016 performance criteria.
* Phase III of the Customs Act will be tabled in parliament.
* The suite of regulations and rules that will comprise the regime for financial holding companies and consolidated supervision will be tabled.
n Efficiency of the large taxpayers' office (LTO) to be improved by (i) maintaining e-filing and on-time filing rates of 90 per cent for LTO clients for major taxes and (ii) increasing the number of comprehensive audits to 90 per year.
n Increase the number of completed post-clearance audits to 60 a year.