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  • Mike
    SunStream
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    SUNCITY MORNING SHOW (SMS)
    6am - 9am
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    Hello Jamaica
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Jamaicans could face more taxes as government seeks to meet IMF target

Despite J$16 billion in new taxes this year, the Jamaican Government has conceded that its collection will fall short by J$12.4 billion as a weakening dollar stifles imports and the taxes they bring, and high unemployment, combined with a soft economy, wreak havoc on revenue inflows. But seemingly undeterred that it will fail to meet its tax targets, the government has indicated it will need more taxes in the fiscal year, starting on April 1. One financial analyst, who declined to be named, said it means more taxes, to the tune of J$9.3 billion next year