What is a regulated company?

What is a regulated company?

A regulated company is one which reports to and whose operations are regulated by the following bodies:

  • Bank of Jamaica (BOJ)
  • Financial Services Commission (FSC)
  • Office of Utilities Regulator (OUR)
  • Ministry of Finance & the Public Bodies

The corporate income tax rate for regulated companies is 33 1/3%, such companies are not eligible for the Employment Tax Credit (ETC).  Regulated companies take advantage of the revised Capital Allowance regime.

Therefore, an unregulated company is one which is not regulated by any such body and is subject to a lower corporate income tax rate of 25%.  This tax rate can be made effectively lower with the application of the Employment Tax Credit (ETC), which would reduce it to as low as 17.5%.