There is nothing like free healthcare. Nothing is free in healthcare financing. Healthcare does not drop from heaven, someone needs to pay for it. 90% of Jamaica's health budget is financed from taxes. Jamaica has the NHF, it is tax funded - 20% special consumption tax..
1% payroll deductions of annual earnings - every Jamaica that earns money must contribute 1% of his / her annual income to the pool of funds
5% extra taxes on cars, alcohol, petrol and tobacco.
When you buy certain items, 5% of the total cost goes to National Health Fund.
5% extra taxes on cars, alcohol, petrol and tobacco.
When you buy certain items, 5% of the total cost goes to National Health Fund.
Jamaica also has the CHASE fund that distributes resources to Culture, Health, Arts, Sports and Education.
A certain percentage of the earnings from the gaming and betting industry in Jamaica goes into this fund. Health gets 20%..
Taxes from betting is used to fund healthcare
A certain percentage of the earnings from the gaming and betting industry in Jamaica goes into this fund. Health gets 20%..
Taxes from betting is used to fund healthcare
Please don't spread the wrong message that healthcare is free. If you earn 5,000,000 in Jamaica, 50,000 is deducted from your payroll to fund healthcare.
Income tax is as high as 36% in Jamaica. Sales tax/ VAT is 16.5%
Income tax is as high as 36% in Jamaica. Sales tax/ VAT is 16.5%
Jamaicans don't trust their govt...88% of them don't according to a survey carried out but they pay their taxes.
Tax to GDP ratio in Jamaica is 26.2%. Nigeria has 6% tax to GDP ratio, low VAT rate and an absolutely ridiculous revenue profile.
Tax to GDP ratio in Jamaica is 26.2%. Nigeria has 6% tax to GDP ratio, low VAT rate and an absolutely ridiculous revenue profile.
