First Look

Single Quarterly Payment Form (S03) for self-employed persons now in effect

Tax Administration Jamaica (TAJ) | 2014-01-23 00:00:00

Self-employed persons will now find it simpler to pay their estimated income tax, as well as education tax and NHT and NIS contributions with the introduction of a single Quarterly Statutory Payment form (S03). This form, which was introduced on January 1, 2014, replaces four separate payment vouchers and forms that this group was previously required to fill out in order to make payments. 

To add to this convenience, the applicable taxes and contributions for education tax, NHT and NIS are now due quarterly, similar to estimated income tax, instead of monthly. “These changes will save time and reduce the administrative cost that many taxpayers currently face”, says Meris Haughton, Director Communications, TAJ.

The first consolidated quarterly statutory payment using the new S03 form becomes due on March 15, 2014. The form is currently available on the Tax Administration Jamaica website at Self-employed persons may download the S03, complete it and make payment at any tax office for all the entities. 

Starting January 20 and continuing for the next few weeks, TAJ and partner agencies NHT and NIS will be hosting sensitisation sessions for self-employed persons and other stakeholders across the island. At that time participants will also be briefed on other initiatives to be introduced in coming months.

The implementation of the S03 form and the quarterly payment schedule are part of an on-going effort by government to simplify the tax process and make it easier to do business in Jamaica. Over the last two years government similarly consolidated the Employers Monthly Statutory Remittance Payroll Deduction Form (S01) and introduced a single Employers Annual Return form (S02).

For further information persons may contact the TAJ Customer Care Centre at 1-888-Tax-Help (829-4357) or visit the S03 hub on the TAJ website

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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