• Belize Tax System

  • GENERAL

    Our analysis is based on the Belize IBC company which is the most common type of entity used for offshore transactions in Belize.

    The Belize IBC is exempt from any income tax, capital gains tax and stamp duty in Belize.

  • TAX RESIDENCY

    Tax Residency

    Not applicable since the Belize IBC is exempt from corporation tax.

    Taxable Basis

    Not applicable since the Belize IBC is exempt from corporation tax.

  • TAX ADMIN

    Taxable Period

    Not applicable since the Belize IBC is exempt from corporation tax.

    Tax Returns

    There is no requirement for Belize IBCs to file a tax return since they not subject to corporation tax.

    Tax Assessments

    Not applicable since the Belize IBC is exempt from corporation tax.

  • CORPORATION TAX

    Corporation Tax

    The Belize IBC is exempt from corporation tax.

  • DIVIDENDS

    Dividends from Foreign Investments

    Dividend income of a Belize IBC from foreign investments is exempt from corporation tax.

    Dividends from Local Investments

    Dividend income of a Belize IBC from local investments is exempt from corporation tax.

    Withholding Tax on Dividends

    There is no withholding tax on dividend payments by a Belize IBC to foreign shareholders.

  • INTEREST

    Interest Income

    Interest income of a Belize IBC is not subject to corporation tax.

    Interest Expense Deductibility

    The interest expense of a Belize IBC is not tax-deductible since interest income is not taxable.

    Withholding Tax on Interest

    There is no withholding tax on interest payments by a Belize IBC to foreign recipients.

  • ROYALTIES

    Royalty Income

    Royalty income of a Belize IBC is not subject to corporation tax.

    Royalty Expense Deductibility

    The royalty expense of a Belize IBC is not tax deductible since royalty income is not taxable.

    Withholding Tax on Royalties

    There is no withholding tax on royalty payments by a Belize IBC to foreign recipients.

  • TAX LOSSES

    Ordinary Tax Losses

    Not applicable since the Belize IBC is exempt from corporation tax.

    Group Relief

    Not applicable since the Belize IBC is exempt from corporation tax.

  • CAPITAL GAINS

    Disposal of Shares by Foreign Shareholder

    The disposal of shares of a Belize IBC by a foreign shareholder is not taxable in Belize.

    Capital Gains

    Capital gains of the Belize IBC are not subject to taxation.

    Capital Losses

    Not applicable since the Belize IBC is not subject to capital gains tax.

  • PARTNERSHIPS

    Partnership Profits

    Our analysis covers only Belize IBCs.

  • BRANCHES

    Branch Profits

    Our analysis covers only Belize IBCs.

  • STAMP DUTY

    Stamp Duty

    The Belize IBC is not subject to stamp duty.

  • CAPITAL DUTY

    Capital Duty

    The Belize IBC is not subject to capital duty.

  • GST

    Belize levies General Sales Tax (GST) which is similar to VAT.

    GST Taxable Transactions

    GST is levied on the supply of goods and services in Belize.

    GST Standard Rate

    The standard GST rate in Belize is 12.5%.

    GST Reduced Rate(s)

    The reduced GST rate is 0%.

    GST Registration Threshold

    The registration threshold for GST purposes is BZD 75,000.

    GST Filing & Payment

    Filing of VAT returns and the payment of VAT liability is made monthly.

Compare Belize to other jurisdictions and see the difference in corporation tax rates, tax residency requirements, VAT rates, capital gain taxes, etc.

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