Guyana vs Jamaica
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ฌ๐พ Guyana โ Regional & Municipal Taxes
Guyana's 10 administrative regions and municipalities levy property rates, market fees, and trade licences. Guyana has experienced a dramatic economic transformation since major offshore oil discoveries (Stabroek Block) began production in 2019. GDP growth rates have been among the world's highest (60%+ in 2022). The Natural Resource Fund manages oil revenues for long-term savings. A long-running border dispute with Venezuela over Essequibo affects regional stability but has not stopped oil development.
๐ฏ๐ฒ Jamaica โ Parish Councils & Local Taxes
Jamaica's 14 parishes each have a parish council that levies property tax (based on unimproved value at progressive rates), business licences, and local improvement fees. The Tax Administration Jamaica (TAJ) administers national taxes. Jamaica has undergone significant tax reform and fiscal consolidation since its 2013โ19 IMF Extended Fund Facility. The income tax threshold was significantly raised in 2016 to benefit low-income workers. Remittances are a key income source (~16% of GDP). Tourism is the primary export sector.
Guyana vs Jamaica: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฌ๐พ Guyana has a higher top income tax rate (28โ40% vs 0โ25%). ๐ฏ๐ฒ Jamaica is more favourable for high earners.
๐ VAT/Sales Tax: Jamaica has a higher consumption tax (14% vs 15%).
๐ข Corporate Tax: ๐ฏ๐ฒ Jamaica offers a lower corporate rate (25% vs 40%), which can influence business location decisions.
๐ Capital Gains: ๐ฏ๐ฒ Jamaica taxes investment gains at a lower rate (0% vs 20%), benefiting investors.