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Belize: Personal Taxation

Social Security Taxes

In general, any employment in Belize under a contract of service or apprenticeship, written or oral is insurable employment. This includes employment with the Government and all statutory bodies, employment with a company or firm or by an individual, and employment on board vessels and aircraft whose owner resides or has his principal place of business in Belize.

The employer is responsible for registering employees. When a person is registered as an insured person, the Social Security Board will issue to him/her a social security registration card. This card will show that person's social security number, which he/she must use as reference on all correspondence, claims, etc. when dealing with the board.

  • For weekly earnings under BZ$70, the contribution is BZ$4.40 (employer BZ$3.57, employee 83 cents).
  • For weekly earnings up to BZ$109.99, the contribution is BZ$7.20 (employer BZ$5.85, employee BZ$1.35).
  • For weekly earnings up to BZ$139.99, the contribution is BZ$10.40 (employer BZ$8.45, employee BZ$1.95).
  • For weekly earnings up to BZ$179.99, the contribution is BZ$12.80 (employer BZ$9.65, employee BZ$3.15).
  • For weekly earnings up to BZ$219.99, the contribution is BZ$16.00 (employer BZ$11.25, employee BZ$4.75).
  • For weekly earnings up to BZ$259.99, the contribution is BZ$19.20 (employer BZ$12.85, employee BZ$6.35).
  • For weekly earnings up to BZ$299.99, the contribution is BZ$22.40 (employer BZ$14.45, employee BZ$7.95).
  • For weekly earnings over BZ$300.00, the contribution is BZ$25.60 (employer BZ$16.05, employee BZ$9.55).

A contribution of BZ$2.60 is payable by the employer for employees who aged 60 – 64 years and who have received, or are receiving Social Security Retirement Benefit, and for all employees aged 65 years and over. This provides employment injury coverage for these employees.

 

 

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