Friendly Tax Regime

Business Classification | Rate of Business Tax |
---|---|
Trade or Business | 1.75% |
Professional Services | 6.0% |
Commissions and Royalties | 5.0% & 15.0% |
Rental Income | 3.0% |
Radio, On-air TV, and Newspaper Revenue | 0.75% |
Domestic Airline Revenue | 1.75% |
Insurance Institutions General Revenue> | 1.75% |
Telecommunications Revenue | 19.0% |
Fuel/Lubricant Revenue | 0.75% |
Casino and Gaming Revenue | 4.0% |
Real Estate Business | 15.0% |
Tour Operators & Travel Agents | 6.0% |
For further information, kindly contact the Income Tax Department:
Mahogany Street,
Belize City
Belize, Central America
Tel: +501-222-4776, +501-222-4956
Fax: +501-222-4029
Email: incometax@itx.gov.bz
Website: http://www.incometaxbelize.gov.bz/
For further information, kindly contact the GST Department:
Charles Barlett Hyde Building
Mahogany Street Extension
Belize City
Belize, Central America
Tel: +501-222-5574 or +501-222-5579
Fax: +501-222-5513
Email: generalsalestax@gst.gov.bz
Website: www.gst.gov.bz
For further information kindly contact the Belize Tourism Board:
P.O. Box 325
#64 Regent Street
Belize City
Belize, Central America
Tel: +501-227-2420 or +501-227-2417
Fax: +501-227-2423
Toll Free: 1-800-624-0686
Website: www.travelbelize.org
The table below illustrates weekly contributions to the fund.
Schedule of Contribution |
|||||||
Amount of Weekly Contribution |
Rates of Contribution |
||||||
Actual Weekly Earnings |
Weekly Insurable Earnings |
Employer |
Employed Person |
Total Contribution |
Employer |
Employee |
|
1 |
Under 70.00 |
55.00 |
3.57 |
0.83 |
4.40 |
6.50% |
1.50% |
2 |
70.00 to 109.99 |
90.00 |
5.85 |
1.35 |
7.20 |
6.50% |
1.50% |
3 |
110.00 to 139.99 |
130.00 |
8.45 |
1.95 |
10.40 |
6.50% |
1.50% |
4 |
140.00 to 179.99 |
160.00 |
9.65 |
3.15 |
12.80 |
6.03% |
1.97% |
5 |
180.00 to 219.99 |
200.00 |
11.25 |
4.75 |
16.00 |
5.63% |
2.38% |
6 |
220.00 to 259.99 |
240.00 |
12.85 |
6.35 |
19.20 |
5.35% |
2.65% |
7 |
260.00 to 299.99 |
280.00 |
14.45 |
7.95 |
22.40 |
5.16% |
2.84% |
8 |
300.00 and over |
320.00 |
16.05 |
9.55 |
25.60 |
5.02% |
2.98% |
9 |
** |
2.60 |
0.00 |
2.60 |
|||
Source: Belize Social Security Board. Applies to all persons 60 to 64 years who have received a retirement benefit and all persons 65 years and older. |
P.O. Box 18
Bliss Parade
Belmopan
Cayo District
Belize, Central America
Tel: +501-822-2163 or +501-822-2471
Fax: +501-822-3331
Email: info@socialsecurity.org.bz
Website: www.socialsecurity.org.bz
The table below details values for each district:
Declared Unimproved Values per Acre (by District) |
|||||
Categories |
Corozal & Orange Walk |
Cayo |
Belize |
Stann Creek |
Toledo |
Agricultural |
|||||
30 acres or less |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
31 to 300 Acres |
500.00 |
550.00 |
600.00 |
500.00 |
100.00 |
301 acres or more |
600.00 |
650.00 |
700.00 |
600.00 |
300.00 |
Non Agricultural |
|||||
Suburban |
1000.00 |
1000.00 |
1500.00 |
700.00 |
500.00 |
Beaches and Cayes |
10000.00 |
N/A |
10000.00 |
10000.00 |
5000.00 |
Village lots (1 acre or less) |
1000.00 |
1000.00 |
1000.00 |
1000.00 |
500.00 |
Import Duties are levied at the point of importation, and is the liability of the importer. The Belize Customs & Excise Department is responsible for the collection of import duties. Rates range from 0 to 45% with the majority of commodities attracting a rate of 20%.
There are some items that attract a Revenue Replacement Duty (RRD) ranging from 5%- 40% based on the aggregate of the Customs Value and the Import Duties. For the complete list of commodities attracting RRD visit the Belize Customs & Excise Department’s website Visit site
Under the CARICOM agreement, all imported products entering Belize from a CARICOM member state are exempt from import duties. In order to receive an exemption, importers must produce a CARICOM Certificate of Origin to the Comptroller of Customs. Customs brokerage services are necessary when importing goods.
For further information regarding Import Duty, Revenue Replacement Duty and Excise Tax, kindly contact the Belize Customs and
Excise Department:
Customs House
Port Loyola,
P.O. Box 146,
Belize City, Belize, C.A
Telephone: +501-227-7092/93
Fax: +501-227-7091
E-mail: cusnet@btl.net