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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
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Jamaica: Dividends

The Jamaican tax deducted from dividends at the agreement rate of 15 per cent (or 22½per cent where the recipient of the dividend is a United Kingdom company controlling, directly or indirectly, at least 10 per cent of the voting power in the Jamaican company) qualifies for credit as a direct tax ((see INTM 164010c))).

These reduced rates do not apply if the dividends are effectively connected (see INTM153110, fifth sub-paragraph.) with a business carried on through a permanent establishment which the recipient has in Jamaica.

Where a Jamaican company pays a dividend to a United Kingdom company which controls, directly or indirectly, at least 10 per cent of the voting power in the Jamaican company, credit may also be given for the underlying tax (see INTM164010 (d)).