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Belize Company Rates for Income Taxation

(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
newspaper business………………………………………………………………… .0.75%

(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.