VAT news tagged as "General consumption tax"

Jamaica

Jamaica General Consumption Tax changes

October 3rd, 2014

The Jamaica General Consumption Tax (GCT) Act 2014 is set to introduce a range of changes to the indirect tax regime. GCT operates like VAT, and is generally charged at 16.5%. The changes include: Withdrawal of the option to claim Special Consumption Tax credits against a company‚Äôs GCT liabilities Allow input VAT reclaims for certain …