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Belize Tax Regulations Table

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.