Wed | May 27, 2020

Cut in GCT takes effect today

Published:Wednesday | April 1, 2020 | 9:21 AM

Effective today, the standard rate of General Consumption Tax (GCT) payable in respect to taxable goods and services will be 15%. 

This is a reduction from the previous rate of 16.5%. 

The new GCT rate of 15% was published in the Jamaica Gazette on March 30.

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