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Today's Schedule Full Schedule

  • Mike
    SunStream
    2am - 6am
  • Krazy Dean
    SUNCITY MORNING SHOW (SMS)
    6am - 9am
  • Mama B
    Hello Jamaica
    9am - 10am
  • Gary Freestyle
    Love Hive
    10am - 2pm
  • FireWayne
    SunStreak
    2pm - 6pm
  • Shotty Shane
    SunSet
    6pm - 10pm
  • SUNJOCK AUTO
    SunStar
    10pm - 2am

Mixed reactions to tax modification

There have been mixed reactions to the Finance Minister&;s announcement of a modification of the tax, relating to imported services. According to one local news source, president of the Jamaica Employers&; Federation (JEF) David Wan, says the tax will likely result in a reduction in the number of foreign personnel and overseas consultants hired by local companies. Prior to the modification, businesses were able to claim for the General Consumption Tax (GCT) paid on import purchases known as Input Tax Credit. The government is now proposing that the GCT Act be amended, to allow for imported services not being subject to an input tax credit. The government expects it will help it raise J2.3 billion dollars.