Emerging Markets Rates and Currencies Handbook

FX Sales Contact: 1-876-936-3260 Jamaicafx@citi.com LM Treasury Contact: 1-876-936- 325 1 Jamaica.treasury@citi.com Tax Summary – Jamaica Jamaica Country Tax Deductibility and Considerations Inter-Co Debt Offshore Bank Loans Offshore Local Borrowing Derivatives Equities W/H Tax • 33.33% WHT • Under certain tax treaties rate is reduced: • 12.5% WHT for U.S & UK • 15% WHT for CARICOM countries • 15% WHT for Canada • 25% WHT • 33.33% WHT • Under certain tax treaties rate is reduced: • 12.5% WHT for U.S & UK • 15%WHT for CARICOM countries • 15%WHT for Canada • Dividends: 33.33%WHT tax on dividends paid to non-resident companies unless the rate is reduced under a tax treaty Deductibility of interests • Fully deductible • N/A • N/A Deductibility of (FX) Losses • Unrealized losses are not deductible • Realized losses are deductible • N/A • N/A Other Taxes/Duties • N/A • N/A • N/A • N/A • N/A Note: Citigroup Inc. and any of its affiliates do not provide accounting, tax, or legal advice. Please seek advice from a relevant licensed advisor. Source: Relevant legislation, publicly available sources