Self –Employed contributors file an estimate of expected income, S04A, by March 15th of each year. This estimate is used to make the quarterly payments for the year.
At the end of the year the actual income is filed using the S04. This is filed by March 15th of the following year and if the actual income is greater than the estimate provided at the beginning of the year, the NHT contribution is calculated and the difference paid.
If the actual income is less than the estimate provided at the beginning of the year, the NHT contribution is calculated and the difference credited to the current year.
Manual filing of S04’s & S04A’s are accepted at TAJ.
ALL self-employed individuals who have employees will be required to electronically file their Annual Return (S02) for the business. This Return is due March 31 of the following year, online via the Tax Portal www.jamaicatax.gov.jm . Returns filed manually will not be accepted.
NB: Mandatory e-Filing of all Annual Return (S02) was implemented January 1, 2015.