IMF Jamaica Calendar
Published:Tuesday | July 26, 2016 | 1:47 PM
IMF Jamaica Calendar
July 2016
* The regime for financial holding companies and consolidated supervision are expected to be completed.
August 2016
* Additional qualified staff to be recruited to assist in the strengthening of the macro-fiscal capacity of the Ministry of Finance and the Public Service.
* Most imprest accounts will be terminated with the expansion and improvement of the Treasury Single Account at the Bank of Jamaica.
September 2016
* New performance criteria under the IMF programme for September 2016 are proposed.
* Thirteenth review and end-June 2016 performance criteria.
* Following up on the entity-by-entity review of all grandfathered tax incentives, the Fiscal Impacts Report will be produced.
October 2016
* Completion of staffing of Tax Administration Jamaica as a semi-autonomous revenue authority.
November 2016
* A new procurement manual will be prepared with the assistance of the Inter-American Development Bank.
December 2016
* Fourteenth Review and end-September 2016 performance criteria.
* Phase III of the Customs Act will be tabled in parliament.
March 2017
* Efficiency of the large taxpayers' office (LTO) to be improved by (i) maintaining e-filing and on-time filing rates of 90 per cent for LTO clients for major taxes and (ii) increasing the number of comprehensive audits to 90 per year.
* Increase the number of completed post-clearance audits to 60 a year.