If you’re retired and living in Jamaica after spending time in the US or Canada, you may need to pay taxes in Jamaica. Here’s what you should know:
Living in Jamaica and Taxes In Jamaica, you must pay taxes based on how many days you stay in the country. If you live in Jamaica for at least 183 days during the tax year (April 1 to March 31), you’re considered a resident and must report all income from anywhere. If you’re not a resident, you only pay taxes on income earned in Jamaica.
Types of Income Retirees often get income from different sources. Here’s how it’s taxed in Jamaica:
Pensions and Social Security: If you receive a pension or social security payment from the US or Canada, it may not be taxed in Jamaica if you’re not a resident. If you are a resident, you may have to pay taxes on it. Jamaica has agreements with the US and Canada that may affect the tax amount, so it’s best to check.
Rental Income: Income from renting property in Jamaica is taxed in Jamaica. If you rent property…
