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Social Security Rate for Companies and Employees in Jamaica

Social Security Rate Data in Jamaica

Indicator Data Period
Social Security Rate 19.75 % 2023
Social Security Rate For Companies 12.5 % 2023
Social Security Rate For Employees 7.25 % 2023


Latest data on Social Security Rate (%)

Social Security Rate
                     Jamaica - Historical Data (%)

What is Social Security Rate in Jamaica?

  • Social Security Rate in Jamaica remained unchanged at 19.75 % in 2023. The maximum rate was 19.5 % and minimum was 18 %.
  • Data published Yearly by Ministry of Labour and Social Security.

Historical Data (%) by years

Data
Period
Date
19.75 2023 27.04.2023
19.75 2022 24.10.2022
19.5 2021 03.06.2021
18.75 2020 19.02.2020
18.75 2019 18.06.2019
18.75 2018 13.02.2018
18.75 2016 11.08.2017
18.75 2015 31.12.2015


Historical Chart by governors (%)

Social Security Rate in Jamaica by governors

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Patrick Allen 26.02.2009 - 18.0000 18.7500 18.7500 18.0000 4.17%
Kenneth O. Hall 15.02.2006 - 26.02.2009 18.0000 18.0000 18.0000 18.0000 0.00%
Howard Cooke 01.08.1991 - 15.02.2006 18.0000 18.0000 18.0000 18.0000 0.00%


Latest data on Social Security Rate For Companies (%)

Social Security Rate For Companies
                     Jamaica - Historical Data (%)

What is Social Security Rate For Companies in Jamaica?

  • Social Security Rate in Jamaica remained unchanged at 12.5 % in 2023. The maximum rate was 12.25 % and minimum was 11.5 %.
  • Data published Yearly by Ministry of Labour and Social Security.

Historical Data (%) by years

Data
Period
Date
12.5 2023 27.04.2023
12.5 2022 24.10.2022
12.25 2021 03.06.2021
12 2020 19.02.2020
12 2019 18.06.2019
12 2018 13.02.2018
12 2016 11.08.2017
12 2015 31.12.2015


Historical Chart by governors (%)

Social Security Rate For Companies in Jamaica by governors

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Patrick Allen 26.02.2009 - 11.5000 12.0000 12.0000 11.5000 4.35%
Kenneth O. Hall 15.02.2006 - 26.02.2009 11.5000 11.5000 11.5000 11.5000 0.00%
Howard Cooke 01.08.1991 - 15.02.2006 11.5000 11.5000 11.5000 11.5000 0.00%


Latest data on Social Security Rate For Employees (%)

Social Security Rate For Employees
                     Jamaica - Historical Data (%)

What is employer Social Security rate in Jamaica?

  • Corporate Tax Rate in Jamaica remained unchanged at 7.25 % in 2023. The maximum rate was 7.25 % and minimum was 6.5 %.
  • Data published Yearly by Ministry of Labour and Social Security.

Historical Data (%) by years

Data
Period
Date
7.25 2023 27.04.2023
7.25 2022 24.10.2022
7.25 2021 03.06.2021
6.75 2020 19.02.2020
6.75 2019 18.06.2019
6.75 2018 13.02.2018
6.75 2016 11.08.2017
6.75 2015 31.12.2015


Historical Chart by governors (%)

Social Security Rate For Employees in Jamaica by governors

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Patrick Allen 26.02.2009 - 6.5000 6.7500 6.7500 6.5000 3.85%
Kenneth O. Hall 15.02.2006 - 26.02.2009 6.5000 6.5000 6.5000 6.5000 0.00%
Howard Cooke 01.08.1991 - 15.02.2006 6.5000 6.5000 6.5000 6.5000 0.00%

Other taxes in Jamaica

Index Updated Actual Previous
Corporate Tax Rate 2022 25 % 25
Personal Income Tax Rate 2023 30 % 30
Sales Tax Rate 2023 15 % 15

Social Security Rate in other countries

Country Updated Actual Previous
Colombia 2023 30.5 % 30.5
Panama 2023 22 % 22.25
Brazil 2021 39.8 % 39.8
Chile 2022 23.5 % 23.5
Paraguay 2023 25.5 % 25.5
Argentina 2023 37.4 % 37.4
Canada 2021 14.38 % 14.09
Ecuador 2023 21.6 % 21.6
Mexico 2022 9.23 % 9.23
United States 2023 15.3 % 15.3
Uruguay 2023 35.73 % 35.73
Jamaica 2023 19.75 % 19.75
Venezuela 2023 23 % 23
Cameroon 2022 20.4 % 20.4