Information about Jamaica Minimum wage and taxes.

The minimum wage in Jamaica is determined by the Minimum Wage Act. As of 2021, the minimum wage in Jamaica is set at 7,000 Jamaican dollars per hour. This wage is calculated based on working 40 hours per week. The tax system in Jamaica is regulated by the Income Tax Act. Income tax is applied at different rates depending on the person's earnings. As of 2021, income tax rates in Jamaica are as follows: - Tax rate 0% for income up to 1,152,000 Jamaican dollars - Tax rate for income between 1,152,001 - 6,000,000 Jamaican dollars is 25% - Tax rate 30% for income over 6,000,001 Jamaican dollars Social security contributions are also paid in Jamaica. This bonus is calculated as a percentage of the employee's gross salary. As of 2021, the social security premium rate is set at 2%. The above information reflects minimum wages and tax rates generally applicable in Jamaica. However, since tax regulations may change from time to time, it is important to confirm up-to-date information with local tax authorities.

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