Fayval Williams, Minister without Portfolio in the Ministry of Finance and the Public Service, says for the fiscal year 2017/2018, Tax Administration Jamaica (TAJ) performed above expectations, topping their forecast.
For the period, the TAJ collected $307 billion, surpassing estimates by $9.2 billion or 3.2 per cent. In the fiscal year, 2016/2017, tax revenues were $284 billion, coming from $264 billion in 2015/2016.
Mrs. Williams said tax collection continues to see tremendous improvements as a result of the TAJ’s actions to encourage compliance.
She was speaking at a TAJ-hosted Transfer Pricing Agreement Seminar, held at the Hibiscus Lodge Hotel in Ocho Rios, St. Ann on Thursday.