What is the Belize Income and Business Tax Act (IBTA)?

Since January 1, 2019, Belize international business companies (IBCs) are no longer automatically exempt from taxes. Like a domestic business, these IBCs are subject to the Belize Income and Business Tax Act (IBTA).

Under IBTA, Belize has a dual taxation system. Businesses are levied with two sorts of taxes:

• Belize business tax (equivalent to VAT) is computed on gross income or turnover;
• Belize corporate income tax (CIT) is computed on chargeable income.

The general Belize income tax rate is 25%.

Related FAQs

• 1. How do I register a business name in Belize?
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• 3. How do I get a business license in Belize?
• 4. What is the Seychelles capital gains tax rate?
• 5. What is the Seychelles company tax rate?
• 6. What ís the Seychelles tax guide?
• 7. What is the Belize income tax rate for IBCs?
• 8. Time frame and quotation of the incorporation process?
• 9. What is the cost of registering an IBC company in Belize?
• 10. What is the Belize capital gains tax rate?
• 11. What happens if I don't pay the annual IBC renewal fees?
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• 13. Can I set up a company with the Nominee Director and Shareholder?
• 14. Where should the offshore company open a bank account?
• 15. Can a foreigner open a bank account in Belize? What are the required documents needed to prepare to open an offshore account?

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