Tax Administration Jamaica (TAJ) is reminding companies and self-employed persons that December 15 is the due date to pay the 4th instalment of their quarterly estimated Income Tax for 2014. Additionally, Employers are advised that since the due date for this month’s statutory payroll deductions falls on Sunday, December 14 they will be given an additional day to submit their S01 return, now due on Monday, December 15, 2014.

All persons are urged to file and pay on time. Employers in particular are reminded that by declaring and paying their S01 on time they can benefit from the Employment Tax Credit (ETC). This allows employers who are engaged in a trade, profession or vocation or the rental of approved hotel accommodation, to now claim a credit against income tax, provided that they make their (S01) payments on or before the 14th day of each month. Any statutory deductions paid after the respective due date or in respect of a month for which the Form S01 is filed late will not be taken into account when computing the ETC.

As TAJ continues to make it easy for persons to pay their taxes, taxpayers are reminded that they can use the administration’s online payment options. Persons can log on to the Tax Portal at www.jamaicatax-online.gov.jm from the convenience of their home or office and at any time, to pay these taxes using a valid credit card. Business persons are being encouraged to use our online payment option as the Tax Administration’s online service accommodates the filing and payment of all major tax types, including Property Tax, General Consumption Tax and Payroll Taxes.

In addition to the online option, business persons are reminded that their estimated income tax and employer’s monthly payments can be made at any of the 29 tax offices. Persons paying by cheque may also pay using the electronic drop boxes located in select tax offices.