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Minister of Finance and the Public Service, Hon. Audley Shaw, has announced the revisited list of items for which General Consumption Tax(GCT)has become applicable as of Monday, April 27, 2009.
The Minister pointed out that GCT exemptions will continue for the following items:
(1) Live birds, crustacean, mollusk or any other animal of a kind generally used as, or yielding or producing food for human consumption and draught animals;
(2) Formerly, all printed matter(excluding newspapers) were exempt. Now, only printed matter for religious and educational purposes will be exempt. (The Commissioner of Inland Revenue is charged with the responsibility of certifying which printed matter is for religious and educational purposes).
In addition, computers for educational institutions, approved by the Minister of Education, will receive relief/waiver from the Ministry of Finance.
IMPORTED SERVICES:
Mr. Shaw said that GCT would now also apply to "imported services" as provided for under Section 23B of the GCT Act. While it was put into the Act December 2003, it was not enforced. He emphasized that that this provision will now be enforced.
ADDITIONAL ITEMS THAT WILL BE SUBJECT TO GCT:
GOODS:
Automatic Data Processing Machines and units thereof; magnetic or optical readers
machines for transcribing data onto data media in coded form and machines for
processing such data, not elsewhere specified or included.1 (Tariff heading No. 84.71).
Parts and accessories of the machines of Tariff heading No. 84.71. (Tariff heading No.
8473.30). For the purposes of this Part, the definition of "automatic data processing
machines" contained in paragraph 5 of the Notes to Chapter 84 of the First Schedule to
the Customs Tariff (Revision) Resolution, 1972 shall apply.
Printed matter (including newspapers), articles and materials classified under Tariff
Headings Nos. 49.01 to 49.05 which are not for religious and educational purposes and
which the Commissioner of Inland Revenue has not certified as being for religious and
educational purposes.Fish, cock and noodle soup, in aluminium sachets.Syrup as specified under Tariff heading No. 21.06 of the First Schedule to the Customs Tariff (Revision) Resolution, 1972.Motor Spirit and lubricating oil which are sold for Commercial fishing.Rolled oats
Salt.
Services:
Imported Services as provided for under Section 23B of the GCT Act
The GCT Act (inserted December 2003) in Section 23B specifically mentions these
services as follows:
23B. Payment of tax in respect of imported services.2
23B. Where a taxable activity consists of the supply of imported services by a
person who is not a resident in Jamaica, the recipient of those services shall, for
the purposes of that supply, be deemed to be a registered taxpayer and shall pay
the tax chargeable in respect of that supply to the Commissioner of Inland Revenue, in accordance with the provisions of section 33(1).
This legislation is in place and will now be enforced
http://www.jis.gov.jm/finance_planni...ECT_TO_GCT.asp
The Minister pointed out that GCT exemptions will continue for the following items:
(1) Live birds, crustacean, mollusk or any other animal of a kind generally used as, or yielding or producing food for human consumption and draught animals;
(2) Formerly, all printed matter(excluding newspapers) were exempt. Now, only printed matter for religious and educational purposes will be exempt. (The Commissioner of Inland Revenue is charged with the responsibility of certifying which printed matter is for religious and educational purposes).
In addition, computers for educational institutions, approved by the Minister of Education, will receive relief/waiver from the Ministry of Finance.
IMPORTED SERVICES:
Mr. Shaw said that GCT would now also apply to "imported services" as provided for under Section 23B of the GCT Act. While it was put into the Act December 2003, it was not enforced. He emphasized that that this provision will now be enforced.
ADDITIONAL ITEMS THAT WILL BE SUBJECT TO GCT:
GOODS:
Automatic Data Processing Machines and units thereof; magnetic or optical readers
machines for transcribing data onto data media in coded form and machines for
processing such data, not elsewhere specified or included.1 (Tariff heading No. 84.71).
Parts and accessories of the machines of Tariff heading No. 84.71. (Tariff heading No.
8473.30). For the purposes of this Part, the definition of "automatic data processing
machines" contained in paragraph 5 of the Notes to Chapter 84 of the First Schedule to
the Customs Tariff (Revision) Resolution, 1972 shall apply.
Printed matter (including newspapers), articles and materials classified under Tariff
Headings Nos. 49.01 to 49.05 which are not for religious and educational purposes and
which the Commissioner of Inland Revenue has not certified as being for religious and
educational purposes.Fish, cock and noodle soup, in aluminium sachets.Syrup as specified under Tariff heading No. 21.06 of the First Schedule to the Customs Tariff (Revision) Resolution, 1972.Motor Spirit and lubricating oil which are sold for Commercial fishing.Rolled oats
Salt.
Services:
Imported Services as provided for under Section 23B of the GCT Act
The GCT Act (inserted December 2003) in Section 23B specifically mentions these
services as follows:
23B. Payment of tax in respect of imported services.2
23B. Where a taxable activity consists of the supply of imported services by a
person who is not a resident in Jamaica, the recipient of those services shall, for
the purposes of that supply, be deemed to be a registered taxpayer and shall pay
the tax chargeable in respect of that supply to the Commissioner of Inland Revenue, in accordance with the provisions of section 33(1).
This legislation is in place and will now be enforced
http://www.jis.gov.jm/finance_planni...ECT_TO_GCT.asp