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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 18.75 % 2020
Social Security Rate For Companies 12 % 2020
Social Security Rate For Employees 6.75 % 2020


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 18.75 % in 2020. The maximum rate was 18.75 % and minimum was 18 %.
  • Data published Yearly by Ministry of Labour and Social Security.

Historical Data (%) by years

Data
Period
Date
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
18 2012 31.12.2012


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 % in 2020. The maximum rate was 12 % and minimum was 11.5 %.
  • Data published Yearly by Ministry of Labour and Social Security.

Historical Data (%) by years

Data
Period
Date
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
11.5 2012 31.12.2012


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 6.75 % in 2020. The maximum rate was 6.75 % and minimum was 6.5 %.
  • Data published Yearly by Ministry of Labour and Social Security.

Historical Data (%) by years

Data
Period
Date
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
6.5 2012 31.12.2012


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 2020 25 % 25
Personal Income Tax Rate 2020 30 % 30
Sales Tax Rate 2020 16.5 % 16.5

Social Security Rate in other countries

Country Updated Actual Previous
Colombia 2020 30.5 % 30.5
Panama 2020 22.25 % 22.25
Brazil 2020 39.8 % 39.8
Chile 2019 24.6 % 24.6
Paraguay 2020 25.5 % 25.5
Argentina 2020 37.4 % 43.7
Canada 2020 14.09 % 14.09
Ecuador 2020 20.6 % 20.6
Mexico 2019 9.23 % 9.23
United States 2020 15.3 % 15.3
Uruguay 2020 35.76 % 35.76
Jamaica 2020 18.75 % 18.75
Venezuela 2019 24.5 % 24.5
Cameroon 2020 20.4 % 20.4