The corporate income tax rate is 25%.
A resident corporation is taxable on its worldwide income. Non-resident companies are subject to tax on Jamaican-sourced income. withholding tax is imposed on certain sources of income, such as interest, dividends, royalties, and fees, at a rate of 33⅓% for non-resident corporations.
Transfer pricing provisions are contained in the Income Tax Act (ITA), Section 17 and The Income Tax (Amendment) Act 2015-No 12 of 2015. The legislation has been drafted in accordance with the OECD Transfer Pricing Guidelines. As such, the TPG is the main resource for interpreting transfer pricing rules