Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Social Security Rate for Companies and Employees in Jamaica

Social Security Rate Data in Jamaica

Indicator Data Period
Social Security Rate 19.5 % 2021
Social Security Rate For Companies 12.25 % 2021
Social Security Rate For Employees 7.25 % 2021


Latest data on Social Security Rate (%)

Social Security Rate
                     Jamaica - Historical Data (%)

What is Social Security Rate in Jamaica?

  • Social Security Rate in Jamaica increased to 19.5 % in 2021. 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
19.5 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
18 2014 31.12.2014
18 2013 31.12.2013


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 12.25 % in 2021. 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
12.25 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
11.5 2014 31.12.2014
11.5 2013 31.12.2013


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 increased to 7.25 % in 2021. 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 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
6.5 2014 31.12.2014
6.5 2013 31.12.2013


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 2021 25 % 25
Personal Income Tax Rate 2021 30 % 25
Sales Tax Rate 2021 15 % 16.5

Social Security Rate in other countries

Country Updated Actual Previous
Colombia 2021 30.5 % 30.5
Panama 2021 22 % 22
Brazil 2021 39.8 % 39.8
Chile 2021 23.5 % 23.5
Paraguay 2021 25.5 % 25.5
Argentina 2021 37.4 % 37.4
Canada 2021 14.38 % 14.09
Ecuador 2021 21.6 % 21.6
Mexico 2020 9.23 % 9.23
United States 2021 15.3 % 15.3
Uruguay 2021 35.73 % 35.73
Jamaica 2021 19.5 % 19.25
Venezuela 2021 23 % 24.5
Cameroon 2021 20.4 % 20.4