The Social Security Rate For Companies in Jamaica stands at 12.50 percent. Social Security Rate For Companies in Jamaica averaged 11.89 percent from 2004 until 2025, reaching an all time high of 12.50 percent in 2022 and a record low of 11.50 percent in 2005. source: Ministry of Labour and Social Security

Social Security Rate For Companies in Jamaica is expected to reach 12.50 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Social Security Rate For Companies is projected to trend around 12.50 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 25.00 25.00 percent Dec 2025
Personal Income Tax Rate 30.00 30.00 percent Dec 2025
Sales Tax Rate 15.00 15.00 percent Dec 2025
Social Security Rate 19.75 19.75 percent Dec 2025
Social Security Rate For Companies 12.50 12.50 percent Dec 2025
Social Security Rate For Employees 7.25 7.25 percent Dec 2025
Withholding Tax Rate 33.33 33.33 percent Dec 2025


Jamaica Social Security Rate For Companies
In Jamaica, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Jamaica because they help to pay for many social programs including welfare, health care and many other benefits.
Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.50 12.50 11.50 2004 - 2025 percent Yearly