Calculate Jamaican General Consumption Tax (GCT) instantly! Our free tool includes options for General/Standard, Telephone, Historic, and Tourism rates. Use the Jamaican GCT calculator to simplify your taxes today.
The GCT Calculator helps you determine the GCT Price and GCT Net Total.
What is GCT?
The General Consumption Tax (GCT) is Jamaica’s value-added tax (VAT) system, levied at multiple stages of production, distribution, and sale. It applies to a wide range of goods and services, ensuring tax is collected incrementally as value is added throughout the supply chain. The GCT is a key revenue source for the government while influencing pricing and economic activity across industries.
How is GCT calculated?
The Jamaican GCT Calculator uses the following formula:
Tax = Original Cost times GCT Type Rate divided by 100
Example = Original Cost x GCT Type Rate/100
Example = 20 x 15/100
GCT Value = 3.00
GCT Net Total = Original cost + GCT Value = 23.00
What are the GCT Rate Types?
General Rate – 15%
Telephone Services – 25%
Tourism Services – 10%
General Old/Historical Rate – 16.5%