Corporate Income Tax and Tax Incentives

The Corporate Income Tax in Jamaica is an important source of revenue, according to the author. In 2002, the share of CIT in total tax revenue was approximately 6.9 percent, having fallen from 12.7 percent in 1993. Although OECD countries generally collect about 10 percent of tax revenue from corporate taxes, the downward trending share exhibited by the CIT in Jamaica is generally consistent with international experience.