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.
- 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%|
|Commissions and Royalties||5.0% & 15.0%|
|Radio, On-air TV, and Newspaper Revenue||0.75%|
|Domestic Airline Revenue||1.75%|
|Insurance Institutions General Revenue||1.75%|
|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?”