Belize offers a competitive tax environment for businesses, with a corporate income tax rate of 25%. In addition to corporate income tax, businesses should be aware of other taxes such as GST, business tax, social security contributions, property tax, customs duties, and excise tax. It is crucial for businesses operating in Belize to stay up to date with tax regulations and consult with tax professionals or refer to the official Belize Tax Services Department website for the latest tax requirements and guidance.
Belize imposes corporate income tax on the profits of resident and non-resident companies conducting business within the country. As of the knowledge cutoff date in September 2021, the corporate income tax rate in Belize is a flat 25%. This rate applies to the chargeable income derived from trade or business activities in Belize.
For comprehensive information on business taxes in Belize, it is advisable to visit the official website of the Belize Tax Services Department. The website provides access to tax forms, guidelines, and other resources related to tax compliance.
Belize Tax Services Department Website: Official Belize Tax Services Department Website