PNP promises no income tax on earnings up to $3.5 million
KINGSTON, Jamaica — The People’s National Party (PNP) is promising Jamaicans who earn $3.5 million or less that their income will be tax-free, if it forms the Government after the September 3 general election.
PNP President Mark Golding made the announcement Sunday night before thousands of orange-clad party supporters who crammed into Mandeville Square, Manchester, for a mass rally, as the election campaign intensifies.
His announcement came hours after the Jamaica Labour Party (JLP) stated that it will move to reduce the personal income tax rate to 15 per cent from the current rate of 25 per cent on a phased basis, if it is returned to office for a third term.
The details are contained in the JLP’s manifesto that was launched at the party’s mass meeting in Sam Sharpe Square in St James on Sunday.
Golding said the details of the PNP’s plan will be outlined in its Manifesto Lite document that will be unveiled later Monday. He noted that he had indicated at the launch of the PNP’s Manifesto nearly two weeks ago that the party would be launching a second document, Manifesto Lite, which will summarise the main points in the manifesto. Before he announced the zero per cent tax rate on income up to $3.5 million, Golding said of Manifesto Lite, “It comes with a little icing on the cake too”.
He told comrades his income tax announcement was a “sneak preview” of what is in the document.
