Preliminary figures indicate that Tax Administration Jamaica (TAJ) has exceeded the first quarter collections target for the 2017/18 fiscal year. The net projection for June 2017 was $26.2B. During the period June 1 – 30, 2017 however, net collections totaled $32.8B, representing 125.2% of projections. The year to date (YTD) net collections now stand at $73.6B which is 109.4% of the $67.3B projected for the period. Refund payments made during the same period totaled $1.0B. Year-to-date refund payments totaled approximately $3.9B.
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