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Belize: Personal Taxation

Residence and Liability for Taxation

The Income Tax Department administers the Income and Business Tax Act as amended in Act 19 of 1998. This Act provides for the taxation of employed persons on the basis of their emoluments. See Direct Corporate Taxation for details of the Business Tax which applies to companies and self-employed professionals or business-people who are taxed on their gross turnover.

Generally, non-Belizeans in Belize pay tax only on income derived in Belize. There are no capital gains or inheritance taxes in Belize.

The rate of tax on chargeable income is 25%.



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