Organization : Tax Administration
Facility : Apply for GCT Deferment
Country : Jamaica
Website : https://www.jamaicatax.gov.jm/web/guest/home
Terms & Conditions : https://www.statusin.org/uploads/28831-GCT-Deferment.pdf
Apply for GCT Deferment :
In our continued efforts to improve the quality of service delivery, Tax Administration Jamaica (TAJ) has embarked on a project to make the process of doing business with us that much easier.
Related : Pay Property Tax Online Jamaica : www.statusin.org/28825.html
To this end, customers with eService access to our Enterprise Portal can now make an application for GCT Deferment online.
In accordance with Section 42 of the General Consumption Tax Act, a “Registered Taxpayer” can make an application for the deferment of General Consumption Tax in relation to the importation of specific goods.
To submit an Application for GCT Deferment online, the customer must be registered under the General Consumption Tax Act and have an e-Service account.
If the customer does not have access to e-Services they must submit a request to TAJ to create an e-Service account. See Apply for an e-Service Account guide on TAJ’s web site.
1. Log on to TAJ eSevices
2. Select the GCT or SCT account hyperlink.
3. Select the Apply for GCT Deferment hyperlink
4. Review Instructions and click Next.
5. List the items manufactured.
6. List the items to be imported to which the deferment request relates.
7. Review information entered, add attachment or additional details if required and click Submit if the information is correct.
8. Click OK
The request will then be processed by a TAJ Officer. When the application is approved the Deferment Certificate will be available for printing from the applicant’s e-Service account. If the application is not approved the applicant will be advised of same.
GCT Frequently Asked Questions :
I was told that only 50% of the input tax on motor vehicle expenses can be recovered from TAJ. How is the disallowed amount treated?
This is claimed in the profit and loss account of the business as an expense. Note. If any private element is included this must be deducted.
Since construction activity is exempt, how is the input tax incurred treated?
This should be absorbed into the cost of the operations.
I bought machinery for use in my business (taxable activity). It cost me $120,000. Can I get back the GCT?
Yes. If the cost of the machinery is $100,000 or less, all of the input tax is claimable at the end of the taxable period in which such input tax is charged, however, effective May 2, 2011, if the cost of the machinery is over $100,000 the input tax is claimable over 3 months.
I noticed that there are two rates for GCT on my telephone bill. Why?
The rental rate for the instrument is – 16.5%, while the calls attract 25%.
About Us :
Tax Administration Jamaica (TAJ) proudly operates as the country’s premiere revenue collecting agency.
In keeping with our mission, our primary goal is to foster voluntary compliance, collect the revenue due in an equitable and efficient manner, contribute to a competitive business environment and facilitate economic growth and development.
Through excellent service by our highly skilled staff, and in capitalising on the strengths of the organisation, our primary focus, as we strive to accomplish the broad goals and objectives set out by the Ministry of Finance and Planning and in general the people of Jamaica is one that embodies the mantra, “Working together to serve you Even better”.