III www.jamaica-gleaner.com FINANCIAL GLEANER FRIDAY, FEBRUARY 27, 2026 TAJ FILING YOUR TAXES FEATURE | WE ARE now in tax season. Companies, other organisations, company directors, self-employed and employed persons who earn additional income should now be in high gear to file Income Tax Returns. Knowledge is power, so here are some useful tips to make sure you know how, and who knows you could realise some savings too. #TAXTIP1: FILING DUE DATE This year, the GOJ has introduced separate filing due dates for annual individual and corporate income tax returns. For individuals, such as self-employed persons and partners, the due remains at March 15, but persons can file up to March 16, as the 15th is on the weekend. For companies and other corporate bodies, the new due date is April 15. Note: All estimated returns are due on March 16. Additionally, all tax returns are to be filed online. #TAXTIP2: APPLY INCOME TAX THRESHOLD RELATED TO THE CORRECT YEAR The Income Tax Threshold (tax-free amount) for individuals for year of assessment 2025 is $1,774,544 and for 2026 is $1,876,614. #TAXTIP3: USE CORRECT FORM All the forms are available in TAJ’s eService. Persons are advised to use the form associated with the structure and type of their business and submit by the applicable due date, as follows: Ownership/Business Type Year 2025 – Form # Due Date Year 2026 – Form # Due Date Self-employed/partners/ S04 March 16 S04A March 16 employed with additional income or multiple employment Company IT02 April 15 IT07 March 16 Partnership IT03 March 16 IT07 March 16 Unincorporated Bodies IT03 April 15 IT07 March 16 (eg, Building Societies, Trusts, Co-operative Societies) Life Assurance IT04 April 15 IT07 March 16 Pensioner/Employed IT05 N/A N/A N/A (PAYE only) Approved Charities IT12 April 16 IT07 March 16 Entities in the Special IT15 April 16 IT07 March 16 Economic Zones 12 tax tips for filing income tax returns TALKING TAX MORE ON IV
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