Tax Map · Crypto tax rankings

Crypto tax in Jamaica

Crypto in Jamaica is unclear / unsettled.

Jamaica currently has no specific tax law or official guidance on how an individual’s crypto gains are taxed, and there is in general no capital gains tax regime, so treatment of private crypto disposals remains uncertain for someone relocating.

“A transfer tax of 2% is applicable on the consideration payable (or market value in certain instances) on the transfer of Jamaican land, buildings, securities, and shares (provided that a refund is available where the transfer tax charged exceeds 37.5% of the capital gain made)... There is no inheritance tax or capital gains tax regime in Jamaica.[6] Cryptocurrencies are digital currencies that are not issued or guaranteed by a central bank or a monetary authority. In addition, cryptocurrencies are not legal tender in Jamaica. Bank of Jamaica does not regulate or supervise these forms of digital currencies.[5]” — PwC summary of Jamaican tax law; Bank of Jamaica

Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.