Revenue Statistics in Latin America and the Caribbean 2023
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This report compiles comparable tax revenue statistics over the period 1990-2021 for 27 Latin American and Caribbean economies. Based on the OECD Revenue Statistics database, it applies the OECD methodology to countries in Latin America and the Caribbean (LAC) to enable comparison of tax levels and tax structures on a consistent basis, both among the economies of the region and with other economies. The report includes two special features examining the fiscal revenues from non-renewable natural resources in the LAC region in 2021 and 2022 as well as the measurement and evaluation of tax expenditures in Latin America. This publication is jointly undertaken by the OECD Centre for Tax Policy and Administration, the OECD Development Centre, the Inter-American Center of Tax Administrations (CIAT), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB).
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Revenue Statistics in Latin America and the Caribbean 2023 - © OECD 2023
5.18 | Jamaica | ||||||||||
| Details of tax revenue | ||||||||||
| Million JMD | ||||||||||
| | 1990 | 2000 | 2007 | 2010 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Total tax revenue | 7 748 | 87 713 | 219 435 | 287 139 | 467 350 | 517 091 | 562 009 | 602 592 | 544 211 | 616 467 |
| 1000 Taxes on income, profits and capital gains | 3 639 | 35 457 | 88 026 | 105 917 | 135 564 | 129 925 | 144 581 | 155 140 | 155 632 | 167 112 |
| 1100 Of individuals | 1 687 | 17 441 | 48 220 | 54 798 | 72 175 | 60 306 | 62 644 | 69 323 | 72 692 | 77 756 |
| 1110 On income and profits | 1 687 | 17 441 | 48 220 | 54 798 | 72 175 | 60 306 | 62 644 | 69 323 | 72 692 | 77 756 |
| PAYE | 1 489 | 16 515 | 45 533 | 50 828 | 67 591 | 54 879 | 57 472 | 63 716 | 67 228 | 72 416 |
| Other individuals | 198 | 926 | 2 687 | 3 969 | 4 584 | 5 427 | 5 173 | 5 607 | 5 464 | 5 340 |
| 1120 On capital gains | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 1200 Corporate | 1 280 | 7 627 | 19 758 | 33 091 | 47 530 | 61 401 | 62 504 | 67 623 | 61 823 | 68 791 |
| 1210 On profits | 1 280 | 7 627 | 19 758 | 33 091 | 47 530 | 61 401 | 62 504 | 67 623 | 61 823 | 68 791 |
| Bauxite/alumina | 134 | 430 | 1 626 | 866 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other companies | 1 146 | 7 197 | 18 132 | 32 224 | 46 823 | 60 431 | 61 427 | 67 251 | 61 665 | 68 646 |
| Minimum business tax | 0 | 0 | 0 | 0 | 707 | 970 | 1 077 | 372 | 159 | 145 |
| 1220 On capital gains of corporates | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 1300 Unallocable between 1100 and 1200 | 672 | 10 389 | 20 048 | 18 028 | 15 859 | 8 218 | 19 433 | 18 194 | 21 117 | 20 565 |
| Tax on dividends | 68 | 854 | 1 928 | 1 059 | 1 408 | 1 801 | 1 987 | 2 368 | 2 757 | 2 536 |
| Tax on interests | 605 | 9 535 | 18 120 | 16 970 | 14 451 | 6 417 | 17 446 | 15 827 | 18 360 | 18 029 |
| 2000 Social security contributions | .. | .. | 6 349 | 8 199 | 17 978 | 19 249 | 21 033 | 24 569 | 25 076 | 31 671 |
| 2100 Employees | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2110 On a payroll basis | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2120 On an income tax basis | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2200 Employers | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2210 On a payroll basis | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2220 On an income tax basis | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2300 Self-employed or non-employed | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2310 On a payroll basis | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2320 On an income tax basis | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2400 Unallocable between 2100, 2200 and 2300 | .. | .. | 6 349 | 8 199 | 17 978 | 19 249 | 21 033 | 24 569 | 25 076 | 31 671 |
| 2410 On a payroll basis | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 2420 On an income tax basis | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 3000 Taxes on payroll and workforce | 305 | 3 821 | 9 898 | 12 792 | 22 845 | 25 865 | 28 541 | 31 294 | 30 813 | 32 063 |
| 4000 Taxes on property | 965 | 4 262 | 12 617 | 9 939 | 21 149 | 23 583 | 24 793 | 19 117 | 15 600 | 18 155 |
| 4100 Recurrent taxes on immovable property | 67 | 639 | 1 788 | 2 600 | 7 101 | 8 523 | 8 478 | 9 020 | 7 996 | 9 546 |
| 4110 Households | 67 | 639 | 1 788 | 2 600 | 7 101 | 8 523 | 8 478 | 9 020 | 7 996 | 9 546 |
| Municipal property tax | 0 | 639 | 1 788 | 2 600 | 7 101 | 8 523 | 8 478 | 9 020 | 7 996 | 9 546 |
| Other property taxes | 67 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4120 Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4200 Recurrent taxes on net wealth | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4210 Individual | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 4220 Corporate | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 4300 Estate, inheritance and gift taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4310 Estate and inheritance taxes | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 4320 Gift taxes | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 4400 Taxes on financial and capital transactions | 898 | 3 623 | 10 829 | 7 339 | 14 048 | 15 060 | 16 315 | 10 097 | 7 603 | 8 609 |
| Stamp duty | 898 | 3 623 | 10 829 | 7 339 | 14 048 | 15 060 | 16 315 | 10 097 | 7 603 | 8 609 |
| 4500 Non-recurrent taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4510 On net wealth | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 4520 Other non-recurrent taxes | .. | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 4600 Other recurrent taxes on property | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5000 Taxes on goods and services | 2 824 | 43 907 | 101 639 | 149 544 | 268 569 | 316 601 | 340 651 | 370 321 | 315 268 | 365 499 |
| 5100 Taxes on production, sale, transfer, etc | 2 760 | 43 107 | 100 317 | 147 500 | 265 064 | 311 911 | 335 189 | 363 429 | 308 011 | 357 080 |
| 5110 General taxes | 297 | 22 356 | 65 030 | 84 409 | 149 111 | 171 584 | 187 576 | 203 297 | 177 354 | 199 638 |
| 5111 Value added taxes | 293 | 22 356 | 63 948 | 82 407 | 146 030 | 168 112 | 183 646 | 199 150 | 173 480 | 194 725 |
| General consumption tax | 293 | 22 356 | 63 948 | 82 407 | 146 030 | 168 112 | 183 646 | 199 150 | 173 480 | 194 725 |
| 5112 Sales tax | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales tax on used cars | 4 | .. | .. | .. | .. | .. | .. | .. | .. | .. |
| 5113 Other | 0 | 0 | 1 082 | 2 002 | 3 081 | 3 472 | 3 930 | 4 147 | 3 873 | 4 913 |
| Environmental levy | .. | .. | 1 082 | 2 002 | 3 081 | 3 472 | 3 930 | 4 147 | 3 873 | 4 913 |
| 5120 Taxes on specific goods and services | 2 463 | 20 752 | 35 287 | 63 091 | 115 953 | 140 327 | 147 613 | 160 133 | 130 658 | 157 442 |
| 5121 Excises | 1 158 | 9 751 | 13 289 | 38 112 | 59 327 | 75 152 | 75 169 | 80 773 | 69 949 | 84 782 |
| Special consumption tax | 1 115 | 9 751 | 13 289 | 38 112 | 59 327 | 75 112 | 75 103 | 80 693 | 69 852 | 84 704 |
| Quarry tax | 0 | 0 | 0 | 0 | 0 | 39 | 66 | 80 | 97 | 78 |
| Other excises | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5122 Profits of fiscal monopolies | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5123 Customs and import duties | 782 | 8 498 | 18 640 | 19 959 | 34 033 | 37 737 | 41 243 | 44 809 | 40 420 | 47 762 |
| 5124 Taxes on exports | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5125 Taxes on investment goods | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5126 Taxes on specific services | 523 | 2 503 | 3 359 | 5 020 | 22 593 | 27 438 | 31 202 | 34 550 | 20 289 | 24 898 |
| Travel tax | 86 | 1 999 | 2 144 | 3 512 | 12 726 | 18 659 | 20 114 | 21 954 | 9 108 | 12 624 |
| Telephone call tax | 86 | 0 | 0 | 0 | 4 810 | 3 543 | 3 247 | 3 568 | 3 619 | 3 414 |
| Betting, gaming and lottery | 50 | 504 | 1 215 | 1 508 | 2 802 | 2 639 | 5 205 | 6 152 | 6 163 | 7 229 |
| Accommodation tax | 87 | 0 | 0 | 0 | 2 254 | 2 598 | 2 636 | 2 877 | 1 400 | 1 631 |
| Bank and trust | 204 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Entertainment tax | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5127 Other taxes on internat. trade and transactions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5128 Other taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5130 Unallocable between 5110 and 5120 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5200 Taxes on use of goods and to perform activities | 64 | 800 | 1 322 | 2 045 | 3 505 | 4 690 | 5 463 | 6 892 | 7 257 | 8 419 |
| 5210 Recurrent taxes | 64 | 800 | 1 322 | 2 045 | 3 505 | 4 690 | 5 463 | 6 892 | 7 257 | 8 419 |
| 5211 Paid by households: motor vehicles | 47 | 751 | 1 012 | 1 775 | 3 032 | 3 768 | 4 334 | 4 863 | 4 528 | 4 864 |
| 5212 Paid by others: motor vehicles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5213 Paid in respect of other goods | 17 | 49 | 310 | 270 | 473 | 922 | 1 129 | 2 029 | 2 728 | 3 555 |
| 5220 Non-recurrent taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5300 Unallocable between 5100 and 5200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6000 Other taxes | 16 | 266 | 907 | 748 | 1 245 | 1 868 | 2 410 | 2 151 | 1 824 | 1 967 |
| 6100 Paid solely by business | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6200 Other | 16 | 266 | 907 | 748 | 1 245 | 1 868 | 2 410 | 2 151 | 1 824 | 1 967 |
| Contractors levy | 16 | 266 | 907 | 748 | 1 245 | 1 868 | 2 410 | 2 151 | 1 824 | 1 967 |
Not available | |||||||||||
Note: Year ending 31st December, except for 1990-2003 which refer to fiscal year ending 31st March due to data availability. The data are on a cash basis. Heading 2000: The figures include contributions to National Insurance Scheme (NIS). Heading 3000: Education tax in Jamaica includes contributions from employees, employers and the self-employed calculated based on their emoluments. The employer contributions account for the majority of the total contributions. | |||||||||||
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Source: Ministry of Finance and the Public Service; Tax Administration Jamaica. |