In Jamaica nothing can be said to be certain except death, taxes and more recently debt and/or death by taxes. The Golding Administration has finally released the list of the previously tax-free goods and services that are now subject to GCT. Literate chicken farmers with asthma, who lease land, are thinking of buying a stand-by generator and need to have their goods transported to the market to earn some money to repair their tractors are going to be the hardest hit.
Here are 7 of 59 goods and services that will now attract GCT.
- Brochures, pamphlets and leaflets for religious purposes and books other than schoolbooks and booklets.
- Animal feeds (excluding pet food) reinstated as zero-rated
- The rental or lease of land used for agricultural purposes or as a building site.
- All drugs used primarily in the treatment of asthma
- Apparatus or machinery designed to produce motive power, heat, light or electricity through the utilization of renewable sources of energy, for example, sun, wind and water.
- Transportation of goods within Jamaica.
- Repairs to agricultural equipment, tractors, implements, and aircraft and vessels used in international transportation.