Prime Minister of Jamaica, Andrew Holness, announced a 53 per cent reduction in the General Consumption Tax (GCT) on electricity from the current 15 per cent to seven per cent, to take effect from March 2025.
The Prime Minister made the announcement at the 81st annual conference of the Jamaica Labour Party (JLP).
PM Holness said up to 30 per cent of Jamaica Public Service Company (JPS) customers are unable to pay their electricity bills, contributing to electricity theft.
He said JPS is also to remove the non-tax threshold and replace it with an “incentivised, compatible rebate of GCT for persons who use 200 megawatts of electricity or less per month”.
He also mentioned the Government’s plan to scale up its pilot project of on boarding customers in vulnerable communities through the community electrification house wiring programme. This is to provide households on the programme with electrical outlets, lights and switches, and the General Electrical Inspector (GEI) certification.
