| Income tax | Resident 25.00%
Non-Resident 0.00% on income received out of Belize 25.00% income received in Belize |
| Trusts | Trustees taxed as owners of property |
| Withholding taxes | Primarily on lottery / gambling winnings and time deposits also withholdings on payments made to contractors; several forms of interest and dividend payments or rent management fee payments to non-residents incur withholding |
| Income Tax | 25.00% |
| Trusts | Interest on savings paid to other entities by Belizean financial institutions 5.00% |
| Corporate Tax | Resident 25.00% on profits
If Business Tax applies, it counts towards Corporate Tax. 25.00% on chargeable Income. If Business Tax applies as well it can be carried forward as expense in following tax year. Non-Resident 25.00% on profits If Business Tax applies, it counts towards Corporate Tax. |
| Business Tax Rates | Radio 0.75%
TV 0.75% Newspapers 0.75% Domestic Airlines 0.75% Other Trades/Businesses 0.75% (This includes: Rents, royalties, premiums or receipts from real property, insurance companies.) Professions & Trades 3.00% Financial Institutions 4.00% per (IBC Act) Financial Institutions 12.00% Interest on time deposits 5.00% Interest on savings paid to companies/other entities by Belizean financial institutions 5.00% |
| Value Added Tax | 8.00%
Prior to being Abolished in 1999 for Sales Tax |
| Sales Tax | Standard 8.00%
Hotel rooms, meals, drinks 7.00% |
| Gross Interest (Time Deposits) | 5.00% at source |
| Gambling / Lottery | 15.00%
Withheld from any payable wager amount at source. |
Belize Tax Law Thesis 