IMF Jamaica Calendar
Published:Tuesday | October 11, 2016 | 12:00 AM
IMF Jamaica Calendar
October 2016
- Completion of staffing of Tax Administration Jamaica as a semi-autonomous revenue authority.
- Execution of transfer pricing implementation strategy to begin.
- Complete drafting of regulations to implement the Special Economic Zone Act.
- Commence hiring of the Special Economic Zone Authority's management team.
- Cash transfers for intra-government transactions, which can be replaced by journal vouchers, will be eliminated.
- Bank of Jamaica will start equalising the reserve requirements for foreign currency and domestic currency deposits in the banking system.
November 2016
- A new procurement manual will be prepared with the assistance of the Inter-American Development Bank.
December 2016
* Fourteenth Review and end-September 2016 performance criteria.
* Phase III of the Customs Act will be tabled in parliament.
* The suite of regulations and rules that will comprise the regime for financial holding companies and consolidated supervision will be tabled.
March 2017
* Efficiency of the large taxpayers' office (LTO) to be improved by (i) maintaining e-filing and on-time filing rates of 90 per cent for LTO clients for major taxes and (ii) increasing the number of comprehensive audits to 90 per year.
* Increase the number of completed post-clearance audits to 60 a year.