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The other type of Swedish payroll tax is the income tax withheld , which consists of municipal, county, and, for higher income brackets, state tax. In most municipalities, the income tax comes to approximately 32 percent, with the two higher income brackets also paying a state tax of 20 or 25 percent respectively.
The BBO rate is 5%. One of the taxes on individuals is payroll tax (loonbelasting). A 5% room tax (logeergastenbelasting) is levied from non-resident guests of hotels and other guesthouses, including rentals of vacation villa's and condos. Time-share guests pay a fixed fee of NAF 90 (USD 50) per week which is included in the annual maintenance fee.
4 July – Category 4 Hurricane Beryl causes a six- to nine-feet storm surge and fierce winds along Jamaica's southern coast, killing at least one person there before tracking to the Cayman Islands. [4] 26 July–11 August – Jamaica at the 2024 Summer Olympics [5]
January 16, 2024 is the fourth and final installment deadline for tax year 2023. If you fail to meet this deadline, you may be assessed a penalty when you file your tax return. January 31
Employers are required to pay payroll taxes to the taxing jurisdiction under varying rules, in many cases within 1 banking day. Payment of federal and many state payroll taxes is required to be made by electronic funds transfer if certain dollar thresholds are met, or by deposit with a bank for the benefit of the taxing jurisdiction. [77]
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The economy of Jamaica is heavily reliant on services, accounting for 71% of the country's GDP. [16] Jamaica has natural resources and a climate conducive to agriculture and tourism. The discovery of bauxite in the 1940s and the subsequent establishment of the bauxite-alumina industry shifted Jamaica's economy from sugar , and bananas .
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]