KPMG is pleased to share an overview of Jamaica’s 2026/2027 budget, presented on February 12, 2026 by the Minister of Finance and the Public Service (“the Minister”), the Hon. Fayval Williams, MP.
The budget signals the end of eight years of tax-neutral policy and introduces new revenue measures in response to the fiscal impact of Hurricane Melissa. These measures are largely consumption-based and are intended to support increased public expenditure while maintaining economic stability. Their effectiveness will depend on the pace of economic recovery, business reopening, and consumer spending, with tax collections expected to rise gradually as activity strengthens.
Our tax professionals have reviewed the Revenue Measures proposed for financial year 2026/2027 and for 2027/2028 as outlined in the related Ministry Paper # 17.
For support in understanding how these measures may impact your organization, please reach out to a member of the KPMG tax team for tailored guidance and assistance.
