Thu | Aug 17, 2017

Income tax threshold increase only a start, says Shaw

Published:Saturday | March 12, 2016 | 3:40 AM
Finance Minister Audley Shaw says the Government is also committed to providing tax relief for persons earning more than $1.5 million.

Minister of Finance and Public Service, Audley Shaw, says the plan to increase the income tax threshold to $1.5 million in the upcoming financial year is only a start.

He says the Government is also committed to providing tax relief for persons earning more.

He says the government is aware that those earning above 1.5 million are also stressed and will be dealing with them as well.

Shaw was addressing staff at the offices of the Ministry of Finance and Public Service, at Heroes Circle, in Kingston, yesterday.

He says he expects this upcoming tax plan will result in a happier and more productive workforce in the public and private sector sectors.

He says that return in productivity will be demonstrated in incremental growth in the economy.