Corporate income tax (CIT) … rates Combined corporate income tax rate in Jamaica
Jamaica: Corporate income tax (CIT) … rates Combined corporate income tax rate was 25 Percentage of taxable income in 2026. ▼ Falling
Latest (2026)
25 Percentage of taxable income
Change on year
unchanged
World rank
44th
of 128 countries
All-time high
33.33 Percentage of taxable income
in 2000
All-time low
25 Percentage of taxable income
in 2013
Years of data
27
2000–2026
Corporate income tax (CIT) - statutory and targeted small business in Jamaica, 2000–2026
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
The most recent figure for corporate income tax (cit) - statutory and targeted small business in Jamaica is 25 Percentage of taxable income, measured in 2026. That is the lowest value across all 27 years on record.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, corporate income tax (cit) - statutory and targeted small business in Jamaica peaked at 33.33 Percentage of taxable income in 2000 and was at its lowest, 25 Percentage of taxable income, in 2013.
That places Jamaica 44th out of 128 countries with data for 2026, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Corporate income tax (CIT) … rates Combined corporate income tax rate in Jamaica, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2000 | 33.33 Percentage of taxable income | — |
| 2001 | 33.33 Percentage of taxable income | +0.0% |
| 2002 | 33.33 Percentage of taxable income | +0.0% |
| 2003 | 33.33 Percentage of taxable income | +0.0% |
| 2004 | 33.33 Percentage of taxable income | +0.0% |
| 2005 | 33.33 Percentage of taxable income | +0.0% |
| 2006 | 33.33 Percentage of taxable income | +0.0% |
| 2007 | 33.33 Percentage of taxable income | +0.0% |
| 2008 | 33.33 Percentage of taxable income | +0.0% |
| 2009 | 33.33 Percentage of taxable income | +0.0% |
| 2010 | 33.33 Percentage of taxable income | +0.0% |
| 2011 | 33.33 Percentage of taxable income | +0.0% |
| 2012 | 33.33 Percentage of taxable income | +0.0% |
| 2013 | 25 Percentage of taxable income | -25.0% |
| 2014 | 25 Percentage of taxable income | +0.0% |
| 2015 | 25 Percentage of taxable income | +0.0% |
| 2016 | 25 Percentage of taxable income | +0.0% |
| 2017 | 25 Percentage of taxable income | +0.0% |
| 2018 | 25 Percentage of taxable income | +0.0% |
| 2019 | 25 Percentage of taxable income | +0.0% |
| 2020 | 25 Percentage of taxable income | +0.0% |
| 2021 | 25 Percentage of taxable income | +0.0% |
| 2022 | 25 Percentage of taxable income | +0.0% |
| 2023 | 25 Percentage of taxable income | +0.0% |
| 2024 | 25 Percentage of taxable income | +0.0% |
| 2025 | 25 Percentage of taxable income | +0.0% |
| 2026 | 25 Percentage of taxable income | +0.0% |
Jamaica compared with similar countries
- Jamaica's 25 Percentage of taxable income is above the median for upper middle income countries, which is 24.5 Percentage of taxable income, 1.0× the median. (38 countries reporting)
- Jamaica's 25 Percentage of taxable income is above the median for Latin America & Caribbean, which is 25 Percentage of taxable income, 1.0× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.33 Percentage of taxable income | 33.33 Percentage of taxable income | 33.33 Percentage of taxable income | 10 |
| 2010s | 27.5 Percentage of taxable income | 25 Percentage of taxable income | 33.33 Percentage of taxable income | 10 |
| 2020s | 25 Percentage of taxable income | 25 Percentage of taxable income | 25 Percentage of taxable income | 7 |
Countries ranked near Jamaica
- 41 Canada 26 Percentage of taxable income compare
- 42 United States 25.53 Percentage of taxable income compare
- 43 India 25.17 Percentage of taxable income compare
- 44 Spain 25 Percentage of taxable income compare
- 44 United Kingdom 25 Percentage of taxable income compare
- 44 Angola 25 Percentage of taxable income compare
- 44 Antigua and Barbuda 25 Percentage of taxable income compare
- 44 Dominica 25 Percentage of taxable income compare
- 44 Honduras 25 Percentage of taxable income compare
- 44 Mongolia 25 Percentage of taxable income compare
- 44 Panama 25 Percentage of taxable income compare
- 44 Philippines 25 Percentage of taxable income compare
- 44 Seychelles 25 Percentage of taxable income compare
- 44 Sierra Leone 25 Percentage of taxable income compare
- 44 Uruguay 25 Percentage of taxable income compare
- 44 Belgium 25 Percentage of taxable income compare
- 44 China 25 Percentage of taxable income compare
- 44 Côte d’Ivoire 25 Percentage of taxable income compare
- 44 Djibouti 25 Percentage of taxable income compare
- 44 Liberia 25 Percentage of taxable income compare
- 44 Monaco 25 Percentage of taxable income compare
- 44 Guatemala 25 Percentage of taxable income compare
- 44 Saint Kitts and Nevis 25 Percentage of taxable income compare
More economy & growth data for Jamaica
- Real gdp growth, annual growth rate -119.48 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.76 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.6 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -17.03 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 72.88 units per person (2025)
- SDRs holdings, SDR, annual growth rate -20.99 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0066 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 53.22 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -21.62 % change on previous year (2025)
Frequently asked questions
- What is corporate income tax (cit) - statutory and targeted small business in Jamaica?
- Corporate income tax (cit) - statutory and targeted small business in Jamaica was 25 Percentage of taxable income in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest corporate income tax (cit) - statutory and targeted small business recorded in Jamaica?
- The highest recorded value was 33.33 Percentage of taxable income in 2000.
- What is the lowest corporate income tax (cit) - statutory and targeted small business recorded in Jamaica?
- The lowest recorded value was 25 Percentage of taxable income in 2013.
- How does Jamaica rank for corporate income tax (cit) - statutory and targeted small business?
- Jamaica ranks 44th out of 128 countries with data for 2026.
- Is corporate income tax (cit) - statutory and targeted small business rising or falling in Jamaica?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Jamaica data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Corporate income tax (CIT) - statutory and targeted small business rates — Combined corporate income tax rate. Statizoid updates them automatically from the source API.
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About this data
Statutory and targeted, sub-central and combined corporate income tax (CIT) rates. Targeted rates of 'small incorporated business' are on the basis of size alone (e.g. number of employees, amount of assets, turnover or taxable income) and not on the basis of expenditures or other targeting criteria. Targeted rates data are only available for OECD member countries.