The Withholding Tax Rate in Jamaica stands at 33.33 percent. Withholding Tax Rate in Jamaica averaged 33.32 percent from 2022 until 2025, reaching an all time high of 33.33 percent in 2024 and a record low of 33.30 percent in 2023.



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 Withholding Tax Rate
In Jamaica, the withholding tax rate is a tax collected from companies. It applies to businesses when they make payments to other business entities or individuals, e.g., in the form of dividends, interest, and royalties. The benchmark we use refers to the standard withholding tax rate on interest for non-residents. Revenues from the withholding tax rate are an important source of income for the government of Jamaica.
Actual Previous Highest Lowest Dates Unit Frequency
33.33 33.33 33.33 33.30 2022 - 2025 percent Yearly
NSA