Tag Archives: Government of Jamaica

Amendments To Be Made To Dangerous Drugs Act

The Government of Jamaica today announced plans for sweeping changes to the Dangerous Drugs Act. Justice Minister Mark Golding revealed that Cabinet has given approval for amendments to the Act to allow for the use and possession of  ganja for medical and research purposes. The definition of  hemp will be inserted in the Act and there will also be licensing ...

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Jamaica To Acquire Two Drones

The Government of Jamaica has announced a plan to acquire two drones to improve surveillance and monitoring of the island’s marine space. This was announced today during the 2014/2015 Budget Debate in Parliament. “These drones will be fitted with cameras and be deployed as necessary, and will have the capacity to transmit data back to base which will assist in ...

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No Customs Duties on Phablets

The Government of Jamaica has taken a decision to remove customs duties from phablets, which are considered to be a cross between a telephone and a tablet. (Eg. Samsung Galaxy Note3) It is expected that this change will provide greater access and widen the use of technology products for learning and productivity. The measure will come into effect on May ...

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Government To Tax Bank Withdrawals

Persons withdrawing monies from deposit-taking institutions will be hit with taxes as of June 1, 2014 as the Government of Jamaica hunts revenue to help it meet its 7.5% of GDP primary-surplus target this fiscal year. Withdrawals less than one million will be subject to a 0.1% tax. This measure will mean that persons withdrawing JMD$109,751 will have to pay ...

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Government Tables $539.3 Billion Budget

The Government of Jamaica has tabled a National Budget in the amount of $539.3 billion. This is a 7.7% increase over the $500.7 billion tabled last year. But in real terms this year’s Budget is likely to be less since inflation, at the end of February was 7.2%, and could pass 8% as at March 31, 2014, which marked the ...

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