In an effort to increase revenue to support the budget, persons withdrawing monies from deposit-taking institutions will be hit with taxes as of June 1, 2014.

The new withdrawal tax will apply to electronic banking, point of sales, cheques, and withdrawals at ABM, ATM or ETM as well as over the counter and internet transfers, with the exception of transfers between accounts of the same person in the same financial institution.

What do you think Stush fam, is it time to start putting your hard earned money under the bed or do you think this is a good move to meet primary-surplus targets?
#Jamaica #news #government #taxes

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