Business Friendly Tax Regime
- Payable at a rate of 25% on taxable income for all employed residents in Belize earning over BZ $26,000 (US$13,000) per annum.
Business Tax
- Businesses, companies and self-employed persons earning in excess of BZ $54,000 per annum must pay business tax.
- Rate varies according to business classification.
- Paid monthly to the Income Tax Department.
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% |
General Sales Tax (GST) Continue reading “Why Belize?”