Jan 20, 2018 Last Updated 7:56 AM, Jan 11, 2018

The Minister of Finance & the Public Service

The Honourable Minister Audley Shaw CD, MP, Minister of Finance and the Public Service. He is a graduate of Northern Illinois University (NIU) with a Bachelor of Arts and Master of...

Minister of State in the Ministry of Finance and the Public Service

The Honourable Rudyard Spencer, CD, MP is Minister of State (Public Service), with the Ministry of Finance and Public Service. Minister Spencer studied Industrial Relations at Medg...

Minister of State in the Ministry of Finance and the Public Service

The Honourable Fayval Williams, MP, is Minister of State in the Ministry of Finance and the Public Service. Minister Williams is a Chartered Financial Analyst (CFA), and holds an M...

BGLC Advisory - Changes to Payment for CHASE Contributions

Effective January 1, 2018, contributions normally paid directly to the CHASE Fund account at NCB are changed to a fee that is to be paid directly to Tax Administration Jamaica (TAJ).

Changes to Payments for CHASE Contributions

  1. Contributions normally paid to CHASE Fund's NCB bank account are now to be paid at Tax Administration Jamaica (TAJ).
  2. Contributions to the CHASE Fund will now be referred to as "Fees payable to the Collector of Taxes" and these fees will now be related to the Consolidated Fund.
  3. The Returns used for filing will include the contributions, now called "fees" as follows:
     License Type Return Form Tax rate payable up to 12/31/2017 Contribution payable to CHASE Fund up to 12/31/2017  Tax rate payable to TAJ effective 1/1/2018
     Bookmaker (Sports Betting)  BT06  7%  1% 8%
     Gaming  GT01  6.5%  1% 7.5%
  4. Lottery Promoters should note:
    • The Weekly Return Form LT01 is amended to include the new SECTION E - FEES where the fees payable are declared.
    • The portion of Unclaimed Winnings normally paid to CHASE Fund is now to be paid using TAJ's Payment Advice.

 

FOR MORE INFORMATION CONTACT:
Betting Gaming & Lotteries Commission
78 CEF Hagley Park Road, Kingston 10, Jamaica W.I.
(876) 630-1353 | This email address is being protected from spambots. You need JavaScript enabled to view it. | www.bglc.gov.jm

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