First Look

Single tax payment form to be introduced for self-employed persons by year end



Tax Administration Jamaica (TAJ) | 2013-12-10 00:00:00

Tax Administration Jamaica (TAJ), is collaborating with the National Housing Trust (NHT) and the National Insurance Scheme (NIS) to introduce a Quarterly Statutory Payment (Self-employed/Individuals) Form S03 by year end.  The new form will allow self-employed persons and individuals to complete and submit a single form to make quarterly payments for Income Tax, Education Tax, as well as NHT and NIS contributions, at any of the 29 tax offices located across the island or online via the Jamaica Tax Portal at www.jamaicatax-online.gov.jm.

With the introduction of the new quarterly payment form, self-employed persons and individuals will save time and cost of having to complete several forms or having to visit several locations to make their tax payment.  They will also be  better able to manage their cash flow, as payments for education tax, NHT and NIS which would normally have been due monthly will now be paid on a quarterly basis in keeping with the current requirement for income tax.
The first quarterly statutory payment using the new S03 will become due on March 15, 2014.  The subsequent quarterly payments will therefore be due June 15, September 15 and December 15.

The introduction of the S03 is another phase in the continued effort of the Government of Jamaica to amalgamate the filing and payment of statutory taxes and contributions, with the aim of making it easier to do business. During the last two years a consolidated Employers Monthly Statutory Remittance Payroll Deduction Form S01 and Employers Annual Return Form S02 were introduced.

TAJ, along with partner agencies NHT and NIS, will be scheduling sensitisation sessions to brief self-employed persons and other stakeholders on the use of the new S03 form and to update them on other phases of the amalgamation project to be introduced in coming months. It should be noted that the new quarterly payment form will not replace the need for filing an annual return, for which a new consolidated form is also being designed.

Please see Attached Pdf file below




Posted By :Meris Haughton

Company Name : Tax Administration Jamaica (TAJ)

Website :

Company Address : PCJ Building (4th Floor) 36 Trafalgar Road Kingston 10


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