Jamaica’s New Digital Tax: Everything You Need to Know скачать в хорошем качестве

Jamaica’s New Digital Tax: Everything You Need to Know

The Jamaican government is officially moving to tax the digital world, and it’s going to hit your wallet sooner than you think. In the 2026/2027 Budget, Finance Minister Fayval Williams announced that General Consumption Tax (GCT) will now apply to digital products and services supplied from abroad. Whether you’re streaming on Netflix, listening to Spotify, using ChatGPT Plus, or running ads for your business on Facebook, your monthly bills are about to change. In this video, we break down: Why now? The role of Hurricane Melissa recovery and the $29 billion budget gap. The "Destination Principle": How the government plans to tax companies that aren't even based in Jamaica. The $4 Billion Goal: How much the government expects to collect from your digital footprint. Who it hits hardest: From casual streamers to small business owners and digital creators. The Timeline: When you can expect to see that 15% GCT added to your digital invoices. The "borderless" internet is getting a very real border in Jamaica. Is this a fair move to level the playing field for local businesses, or just another "hidden tax" on the average consumer? Stay Connected: 🔔 Subscribe for more updates on Jamaica’s economy, tech trends, and financial news. 💬 Comment Below: Which digital service do you use the most, and will this tax make you cancel your subscription? #Jamaica #DigitalTax #GCT #FinanceMinister #FayvalWilliams #Budget2026 #NetflixTax #TechNewsJamaica #CaribbeanEconomy