Foreigners Income Tax Exemption has been approved by Parliament. who sponsored the bill with the intension of attracting more foreign investments into the country was very pleased with the outcome. Meanwhile, Minister of Industry, Investment and Commerce Mr. Anthony Hylton a strong supporter of the bill agreed that Jamaica will be better position to do more business with foreign investors. Read More
While this bill was passed to attract foreign investors, some hope that local companies in Jamaica will benefit in the reduction of there corporate income tax as well.