(2.) Companies
(a.) Rates
The Business Tax rates are published in the Ninth Schedule of the Income and Business Tax Act of Belize.[1]
NINTH SCHEDULE
[Sections 111 (3) and 113 (2)] RATES OF TAX (a) Receipts from radio, on-air television and (b) Receipts from domestic air line business ………………………………………………………………………….. 0.75% (c) Receipts of service stations from the sale of fuel and lubricants …………………………………………………… 0.75% (d) Receipts from other trade or business ……………………. 1.25% (e) Rents, royalties, premiunms and any other receipts from real property …………………………………………………………….. 1.5% (f) Receipts from a profession, vocation or occupation ……. 4.0% (g) Receipts of an insurance company licensed under the Insurance Act …………………………………………………………… 1.5% (h) Commissions, royalties, discounts, dividends, winnings from lotteries, and interest on loans paid to non-residents ……. 15.0% Provided that in the case of commissions of less than $25,000.00 per annum, the rate shall be 5%. (i) Receipts of a financial institution licensed under the Banks and Financial Institutions Act …………………………………. 10.0% Provided that in the case of a financial institution which falls within a “PIC Group” As defined in the International Business Companies Act, the rate shall be ………………………………………………………… 4.0%. (j) Management fees, rental of plant and equipment and charges for technical services- (i) if paid to a non-resident ………………………………………………………………….. 25.0% (ii) if paid to a resident the rate applicable to the particular trade, business, profession, vocation or occupation of the payee. (k) Receipts of entities providing telecommunication services…………………………………………………………………. 19.0%. |
[1] Id. §§ 111, 113, Schedule 9.