The Government is moving to change the date when income tax returns are due from March 15 to April 15 as of 2022, the Minister of Finance Dr Nigel Clarke has announced.
“The government intends to make the bold but practical step of changing the annual income tax return and collection date from March 15 of each year to April 15 or some other date that we agree on after consultation.
“This date is not only good for the planning of the government finances, the change will provide taxpayers with an additional month to prepare their tax returns and organise themselves,” said Clarke during his opening presentation in the 2021/22 Budget Debate in the House of Representatives.
In defending the pending change, Clarke said that for the government, “it will mean that the revenue authority (Tax Administration Jamaica) now collects upfront, 50 per cent of the annual income tax in the first month of the fiscal year”.
He argued that the change will enhance fiscal responsibility.