Press Releases
Entry into force of the Tax Convention between Japan and Jamaica
On August 17, Japan received from Jamaica the notification confirming that its internal procedures necessary for the entry into force of the Convention between Japan and Jamaica for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (PDF)
(signed on December 12, 2019) were completed. Thus, all the necessary procedures for the entry into force of the Convention have been completed.
1. The Convention, therefore, will enter into force on September 16, 2020 (the thirtieth day after the date of receipt of the latter notification) and will have effect:
(1) in Japan:
(a) with respect to taxes levied on the basis of a taxable year, for taxes of any taxable years beginning on or after January 1, 2021; and
(b) with respect to taxes levied not on the basis of a taxable year, for taxes levied on or after January 1, 2021; and
(2) in Jamaica:
(a) with respect to taxes withheld at source, for income paid or credited on or after January 1, 2021; and
(b) with respect to other taxes, for any taxable year beginning on or after January 1, 2021.
2. The provisions concerning the exchange of information and the assistance in the collection of taxes will have effect from September 16, 2020 without regard to the date on which the taxes are levied or the taxable year to which the taxes relate.
3. It is expected that, while eliminating double taxation and preventing international tax evasion and tax avoidance, the Convention promotes further mutual investments and economic exchanges between the two countries.