Summary of Revenue Measures

Revenue Impact in J$ Million

I. Clarify the 25 41/o income tax rate for companies providine. trust and corporate services. $0.00

2. Reduction in the CIT rate from 33 1/3% to 25% for IPPs producing at least 75% of their energy from renewable sources ($31)

3. Increase in the de minimis value for imported goods from 0S$50 to 0S$100, ($864)

4. Increase in the passenger duty-free threshold for personal/household effects not imported for sale or commercial exchan2e from US$500 to USSl,000 ($331)

5. Increasing the maximum participating voting share capital for the Junior Stock Exchange from J$500 Million to J$750 Million. $0.00

6. Increase in the Pension Exemption and Age Relief Exemption to $250.400 ($1,073)

7. Standardizing Jamaica’s GCT Tax Treatment on Raw Foodstuff ($2,420)

8. Removal of General Consumption Tax on Armoured Cash Courier Vehicles ($50)

9. Reverse Tax Credit for individuals whose statutory payments have been filed and paid in respect of CY 2023 ($11,400)

10. Increase in the Annual General Personal Income Tax (PIT) Threshold ($8,951)

11. Estimated flows from securitization of receivables $25,120

TOTAL $0