Paying taxes: Profit tax in Jamaica
Jamaica: Paying taxes: Profit tax was 13.6% in 2019. ▼ Falling
Paying taxes: Profit tax in Jamaica, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
Jamaica recorded 13.6% for paying taxes: profit tax in 2019. That is the lowest value across all 15 years on record.
Compared with earlier readings it is down 50.2% over ten years.
Over the whole period, paying taxes: profit tax in Jamaica peaked at 28.7% in 2012 and was at its lowest, 13.6%, in 2018.
Jamaica ranks 111th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in Jamaica, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 27.3% | — |
| 2006 | 27.3% | +0.0% |
| 2007 | 27.3% | +0.0% |
| 2008 | 27.3% | +0.0% |
| 2009 | 27.3% | +0.0% |
| 2010 | 27.3% | +0.0% |
| 2011 | 28.6% | +4.8% |
| 2012 | 28.7% | +0.3% |
| 2013 | 28.7% | +0.0% |
| 2014 | 21.4% | -25.4% |
| 2015 | 15.0% | -29.9% |
| 2016 | 14.0% | -6.7% |
| 2017 | 14.0% | +0.0% |
| 2018 | 13.6% | -2.9% |
| 2019 | 13.6% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.3% | 27.3% | 27.3% | 5 |
| 2010s | 20.5% | 13.6% | 28.7% | 10 |
Countries ranked near Jamaica
More reference data data for Jamaica
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.045 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.1808 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.2582 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0003 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.2582 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1508 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0583 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.8486 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1.19 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0015 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Jamaica?
- Paying taxes: profit tax in Jamaica was 13.6% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Jamaica?
- The highest recorded value was 28.7% in 2012.
- What is the lowest paying taxes: profit tax recorded in Jamaica?
- The lowest recorded value was 13.6% in 2018.
- How does Jamaica rank for paying taxes: profit tax?
- Jamaica ranks 111th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Jamaica?
- Over the last ten years it is down 50.2%. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.