VATJamaica GCT Calculator
A quick GCT tool for Jamaica: find the price with or without 15% GCT, the tax amount and the share of tax inside a JMD price.
Jamaica · GCT
GCT rates in Jamaica
The standard GCT rate in Jamaica is 15%. Reduced rates: 10%. Higher or special rates: 25%. This is above the average for Americas (14.2%). Worldwide ranking by standard rate: #88 of 159 countries.
Official source: jamaicatax.gov.jm. Rates checked: October 2026.
GCT examples in JMD
Common amounts with 15% GCT added:
| Net | GCT 15% | Gross |
|---|---|---|
| 1,000.00 JMD | 150.00 JMD | 1,150.00 JMD |
| 5,000.00 JMD | 750.00 JMD | 5,750.00 JMD |
| 10,000.00 JMD | 1,500.00 JMD | 11,500.00 JMD |
| 50,000.00 JMD | 7,500.00 JMD | 57,500.00 JMD |
| 100,000.00 JMD | 15,000.00 JMD | 115,000.00 JMD |
| 1,000,000.00 JMD | 150,000.00 JMD | 1,150,000.00 JMD |
Removing GCT from gross prices
| Gross | Net | GCT 15% |
|---|---|---|
| 5,750.00 JMD | 5,000.00 JMD | 750.00 JMD |
| 11,500.00 JMD | 10,000.00 JMD | 1,500.00 JMD |
| 57,500.00 JMD | 50,000.00 JMD | 7,500.00 JMD |
| 115,000.00 JMD | 100,000.00 JMD | 15,000.00 JMD |
How to calculate GCT in Jamaica
Adding GCT to a net price
GCT = net × 15 / 100
gross = net × 1.15
Removing GCT from a gross price
net = gross / 1.15
GCT = gross − net
Remember that the tax share of a gross price is smaller than the rate itself: at 15% it is 13.04%. That is why you divide by 1.15 rather than subtracting 15%.
Questions about GCT in Jamaica
What is the GCT rate in Jamaica?
The standard GCT rate in Jamaica is 15%. Reduced rates: 10%. Higher or special rates: 25%.
How do I add 15% GCT to a price?
Multiply the net price by 1.15. For example 50,000.00 JMD × 1.15 = 57,500.00 JMD.
How do I remove GCT from a gross price?
Divide the gross price by 1.15. For example 57,500.00 JMD ÷ 1.15 = 50,000.00 JMD net; the difference is the GCT.
What share of a gross price is GCT?
At 15%, GCT makes up 13.04% of the gross price (15 ÷ 115).