Tax Administration Jamaica (TAJ) says as of Thursday,self-employed persons will now find it easier to file and pay their taxes and statutory obligations.
The TAJ is introducing the new Self-employed Persons Annual Return of Income, Taxes and Contributions - Form S04.
The new consolidated form will allow individuals to use one form, to report on their annual income tax, education tax as well as their individual NHT and NIS contributions.
According to TAJ, self-employed individuals are now able to use one form, make one payment, at one place to meet their obligations, as payments can now be made at any tax office using the S04.
A consolidated estimated return form S04a, has also been introduced and is to be used by self-employed persons, to report their projected income, taxes and statutory contributions.
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