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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 the monies they receive. See Direct Corporate Taxation for details of business tax, which applies to companies and self-employed professionals or businesspeople who are taxed on their gross turnover.

Generally, non-Belizeans in Belize only pay tax 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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