Jamaica Plans Domestic Top-Up Tax in Minimum Tax Implementation

Jamaica plans on establishing a qualified domestic minimum top-up tax as part of its implementation of the pending global minimum tax, a Jamaican official said Tuesday.

Jamaica is also “seizing” on the implementation of the minimum tax as an opportunity to revise its entire corporate rate structure, Marlene Nembhard-Parker, deputy commissioner general of legal support services for Jamaica’s tax administration, said at a conference of the US Council for International Business.

Nembhard-Parker also co-chairs the Inclusive Framework , the group of nations that agreed to the Organization for Economic Cooperation and Development’s 2021 global tax pact.

Pillar ...