3rd Quarter Estimated Income Tax Payments Due Sept 15

first_imgRelated3rd Quarter Estimated Income Tax Payments Due Sept 15 FacebookTwitterWhatsAppEmail Companies and self-employed persons are reminded that Wednesday, September 15 is the due date to pay their 3rd quarter estimated income tax for 2010 and also that the Tax Administration has introduced an online payment option to make it easier to do so.Business persons are now able to log on to the Tax Portal at www.jamaicatax-online.gov.jm from the convenience of their home or office and at any time, to pay their estimated income tax using a valid credit card. The Tax Administration’s online service now accommodates the filing and payment of all major tax types, including Property Tax, General Consumption Tax and Payroll Taxes.In addition to the online option, business persons are reminded that estimated income tax payments may be made at any of the 29 tax offices. Persons paying by cheque may also pay using the electronic drop boxes located in main tax offices.Under the Income Tax Act, taxpayers are required to calculate their estimated income and the applicable tax for each year and pay the amount to the Collector of Taxes, Inland Revenue Department in four (4) quarterly instalments by March 15, June 15, September 15 and December 15 of each year. However this requirement does not apply to persons whose only source of income is from employment and whose taxes are paid under the Pay As You Earn (PAYE) system.Estimated income for the year is determined by computing projected profits, gains or losses from a trade, profession or business, less projected business expenses (i.e. expenses wholly and exclusively incurred in earning the income) for the period. The applicable tax rate of 33 1/3% for companies and 25% for individuals or self-employed proprietors would then be applied to the estimated taxable income projected for the year. Self-employed persons are also reminded that they are entitled to the current threshold (tax free amount) of $441,168.For further information persons may contact the Tax Administration’s Customer Care Centre at 1-888-Tax-Help (1-888-829-4357) toll-free or visit our website www.jamaicatax.gov.jm 3rd Quarter Estimated Income Tax Payments Due Sept 15 Finance & Public ServiceSeptember 8, 2010 Related3rd Quarter Estimated Income Tax Payments Due Sept 15center_img Related3rd Quarter Estimated Income Tax Payments Due Sept 15 Advertisementslast_img read more

Murray To Miss Australian Open With Injury

first_imgAndy Murray has withdrawn from next month’s Australian Open because of a pelvic injury, the three-time Grand Slam champion’s management team announced on Saturday.The former world number one, who has been making an inspirational comeback after hip resurfacing surgery, has decided not to travel to Melbourne after the injury he sustained at the end of the season failed to improve as he had hoped.Murray, who has been able to train on court this week, will miss the 20 January – 2 February Grand Slam where he has been a five-time losing finalist and will also not play for Britain in the inaugural ATP Cup in Australia, starting on 3 January.“Unfortunately, I’ve had a setback and as a precaution need to work through that before competing,” the Scot told the BBC.“I’ve worked so hard to get myself into a situation where I can play at the top level and I’m gutted I’m not going to be able to play.”His management team said in an email: “It was always going to be a tight turnaround, but the team took the decision not to rush back, so he’ll continue hitting on court and building up fitness in January.”It was at last year’s Australian Open that Murray was left in tears at a news conference where he told reporters that he was in such pain from a chronic hip injury that it might be his last tournament.Yet, amazingly, the 32-year-old had looked on course to play in his first Grand Slam singles event since Melbourne after his recovery from major hip surgery 11 months ago had seen him climb back to No. 125 in the world.After returning to competitive singles play in August, he even won the European Open in Antwerp, beating his old rival Stan Wawrinka in the final to secure his first triumph for more than two years.Yet Murray has not played since Britain’s opening tie at the Davis Cup finals in Madrid last month when the pelvic bruising flared up.Subsequently, he did not travel to Miami for his usual training stint, deciding instead to stay at home to train.The Scot will now not play until February at the earliest, with his first tournament scheduled to be the Open Sud de France in Montpellier.RelatedTributes Pour in as Andy Murray Announces Retirement PlansJanuary 11, 2019In “Tennis”Murray Doubtful For Australian Open After Pulling Out Of Brisbane InternationalJanuary 2, 2018In “Sports”Murray Happy for not Quitting Tennis as He Looks Forward to a Better SeasonDecember 28, 2018In “Tennis”last_img read more