Overview

Capital
Kingston
Currency
Jamaican Dollar (JMD)
Date Format
ymd; dmy

calendar icon Public holidays calendar

Taxes

Employer
2.50% - NIS (National Insurance Scheme)
3.00% - NHT (National Housing Trust)
3.50% - Education Tax
3.00% - HEART (Human Employment & Resources Training)
Employee
2.50% - NIS (National Insurance Scheme)
2.00% - NHT (National Housing Trust)
2.25% - Education Tax
0.00% - Up to 1.5M
25.00% - 1.5M - 6M
30.00% - Over 6M

Minimum Wage

General
Minimum wage is J$7,000 per week (From 1 August 2019).

Working Hours

General
Full time employment is considered 40 hours weekly. Hours may be spread over 7 days if worker chooses.
Overtime
All hours over 40 per week are considered overtime, and must be previously agreed upon.

VAT

General
16.5% standard rate.

Payment

Payroll Frequency
Salaries are paid on either a monthly or semi-monthly basis.

Mandatory Benefits

Pension Fund
The employer contributes 5% of employees wages. Employees are not obligated to contribute, but commonly contribute 5% of their wages.
Social Security
Both employers and employees are required to contribute 2.5% of employers wages (salary ceiling either J$19,230 weekly, or J$1,000,000 a annually).

Termination

Termination Process
Employers are required to provide notice determined by the length of employment. * Up to 5 years of employment entitles workers to two weeks notice. * 5-10 years entitles workers to four weeks notice. * 10-15 years entitles workers to 6 weeks notice. * 15-20 years entitles workers to 8 weeks notice. * 20 + years entitles workers to 12 weeks notice
Advance Notice
Employees must provide two weeks notice.
Severance Pay
Employees of up to 10 years receive two weeks pay for ever year employed, for each additional year beyond 10, three weeks of pay are provided.