Kingston, Jamaica: Thursday, March 11, 2021
In my presentation on the 2021/22 Budget on Tuesday, March 9, 2021, I indicated the intention of the Government to change the due date for income tax payments for a year of assessment from March 15 of the following year to April 15 of the following year.
This is to advise that the intended adjustment is to be effected across fiscal years 2022/23 and 2023/24 after the relevant legislation has been amended. That is, the income tax that would be under the current system be due on March 15, 2023, will be adjusted to a due date of April 15, 2023. Having the due date fall in the first month of the fiscal year as opposed to the last month of the fiscal year as currently obtains will improve the Government's ability to effectively manage its fiscal operations.
The indicated adjustment will not affect the current payments that are due on Monday, March 15, 2021. Taxpayers are therefore encouraged to ensure that payments in respect of the year of assessment just concluded are made by Monday, March 15, 2021.
Please note that the due date to file income tax returns for the year of assessment just concluded has been extended to March 31, 2021.
Nigel Clarke, DPhil., MP
Minister of Finance and the Public Service
March 11, 2021
For further information contact:
Corporate Communication & Public Relations Branch
Ministry of Finance and the Public Service
30 National Heroes Circle
Tel: (876) 932-4656/4660/4655
Contact: Shelly-Ann Weeks/Daniel Passley
We are on social media: FaceBook/Twitter/InstaGram/YouTube