Must be a manufacturer

Waives GCT chargeable on the acquisition of machinery, equipment and spare parts directly related to the manufacturing process.

• J$3,000.00
• Completed forms submitted to JAMPRO Contact Centre
• Site visit

Must be a manufacturer

• JAMPRO approval letter renewable every year for the 3 years
• Supporting documents
• $5000.00

Writing off of the cost of new capital equipment within a two-year period, i.e.

JAMPRO site visit, Business Facilitation Dept.

Export Industry Encouragement Act

Full Exporter –

Exports 100% of manufactured goods

Partial Exporter –

Exports a threshold of 5% of manufactured goods

Exemption from:

• Income tax for 10 years
• Import duties on raw material and machinery for 10 years

Granted import tax rebate according to percentage of export profits to total profits.

To be phased out by December 2006 in accordance with the WTO’s Subsidies and Countervailing Duties Agreement

• Application forms available from JAMPRO – no charge

• Supporting Documents
• Forwarded to Ministry of Industry and Tourism

NB.

For new exporters the rebate is calculated based on the percentage of export sales to total sales

For existing exporters the rebate is calculated based on incremental export sales over a base year.

The Act has been amended to provide benefits where incremental exports to non-CARICOM countries are in excess of 5% of total exports.

Must be deemed a ‘prescribed’ agricultural activity:

• The growing of food crops
• Seed growing
• Growing of trees for the timber
• Growing of tobacco
• Horticulture
• Fishing and fish farming
• Breeding of beef cattle, dairy cattle, sheep, goats & pigs
• Production of fertile eggs for hatching
• Production of table eggs
• Agriculture
• Breeding of horses

Exemption from:

• Income tax for 10 years
• GCT for 10 years on captial equipment
• CET and stamp duties on raw material imports

20% duty on importation of vehicles:

• Panel vans and pick-ups (not exceeding 2 tons)
• Trucks (exceeding 2 tons)

• Application forms available from JAMPRO – no charge
• Apply through parish RADA office

Jamaica Export Free Zone Act

(Includes manufacturers and service providers)

• Company must be incorporated under the Companies Act.
• All transactions must be in US currency.
• Factories must be located in free zone area.

NB.

Single Entity Free Zone Status
Exemption where the firm may benefit outside of the free zone area

• Company must be registered according to the provisions of the Companies Act
• Export at least 85% of production
• Approval from Bank of Jamaica

Exemption from:

• Income tax on profits in perpetuity
• Import duty and licensing fee in perpetuity

Application forms from JAMPRO – no charge

Support documents (see attachments)

Forwarded to Free Zone Council

Exemption from:

• Import duties (for items not available locally)
• Income tax on income from factory leasing or gains made from sales.