Increase in Tax Free Threshold for Residential Customers
The Government has increased the tax free threshold for residential customers who pay GCT, from 200 kWh to 300 kWh. According to JPS this means that a smaller percentage of residential customers – just over 10 percent – will now pay GCT on their electricity bills.
Increase in GCT from 10% to 16.5%
The GCT that is applied to electricity usage will move up from 10% to 16.5%. All business customers will pay GCT at the new rate.
The following miscellaneous charges that previously attracted 10% GCT, will now attract GCT of 16.5%: