Kingston, Jamaica — 13 February 2026
The Government has announced $29.4 billion in new revenue measures for the 2026/2027 fiscal year following the economic disruption caused by Hurricane Melissa. The measures, which include new and increased taxes on sweetened beverages, cigarettes, pure alcohol and tourism activities, mark the first introduction of new taxes in a decade and will begin taking effect from May 2026, with some changes phased in through 2027.
While framed as necessary fiscal recovery and public health policy, the implications extend beyond consumption. For Jamaican households, small business operators and property stakeholders, the changes intersect directly with affordability, operating costs and real estate stability.
A Household Budget Issue — and a Housing Question
The largest single measure is a $10.1 billion Special Consumption Tax (SCT) on non-alcoholic sweetened beverages. Cigarette taxes will rise by $3 per stick, and SCT on alcoholic beverages will increase to $1,4…
