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 (%)
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 (%)
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 (%)
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 |
