Tax Overview in Belize

Tax overview for Belize (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Belize · tax year 2025 · changed 25 Jun 2026

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Key figures: Belize, 2025

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Tax year

Calendar year (1 January to 31 December)Income and Business Tax Act (Cap. 55)View source ↗

Currency

Belize dollar (BZD), pegged at BZD 2 = USD 1 (approx — confirm peg still in force)Central Bank of Belize Act

Tax authority

Belize Tax Service Department (BTS)Belize Tax Service DepartmentView source ↗

Social security authority

Social Security Board (SSB)Social Security ActView source ↗

Residence / taxation basis

Income tax is charged on income accruing in or derived from Belize; residents are generally taxed on Belize-source income (territorial emphasis) (approx — confirm scope for foreign-source income)Income and Business Tax Act (Cap. 55)

Headline personal income tax rate

25% flat on chargeable incomeIncome and Business Tax Act (Cap. 55)

Headline business tax (companies)

Business tax on gross receipts at activity-specific rates (commonly 1.75% trade, 3% rents/royalties, 6% professions); 25% income tax applies to petroleum operationsIncome and Business Tax Act (Cap. 55)

Does a VAT/GST exist?

Yes — General Sales Tax (GST) at a standard rate of 12.5%General Sales Tax ActView source ↗

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Belize tax system at a glance

Belize taxes individuals and businesses primarily through the Income and Business Tax Act, supplemented by a General Sales Tax (GST). Notably, most active businesses are taxed on gross receipts (business tax) rather than net profit, and there is no capital gains tax.

Tax year — Calendar year (1 January to 31 December) (Income and Business Tax Act (Cap. 55))
Currency — Belize dollar (BZD), pegged at BZD 2 = USD 1 (approx — confirm peg still in force) (Central Bank of Belize Act)
Tax authority — Belize Tax Service Department (BTS) (Belize Tax Service Department)
Social security authority — Social Security Board (SSB) (Social Security Act)
Residence / taxation basis — Income tax is charged on income accruing in or derived from Belize; residents are generally taxed on Belize-source income (territorial emphasis) (approx — confirm scope for foreign-source income) (Income and Business Tax Act (Cap. 55))
Headline personal income tax rate — 25% flat on chargeable income percent (Income and Business Tax Act (Cap. 55))
Headline business tax (companies) — Business tax on gross receipts at activity-specific rates (commonly 1.75% trade, 3% rents/royalties, 6% professions); 25% income tax applies to petroleum operations percent (Income and Business Tax Act (Cap. 55))
Does a VAT/GST exist? — Yes — General Sales Tax (GST) at a standard rate of 12.5% percent (General Sales Tax Act)
Capital gains tax — No separate capital gains tax in Belize (Income and Business Tax Act (Cap. 55))
Annual income tax return deadline — 31 March following the end of the tax year (unless extended by the Commissioner) (Income and Business Tax Act (Cap. 55))
GST return frequency / deadline — Monthly; return and payment due by the 15th of the following month (Form BTS210) (General Sales Tax Act)

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Belize tax system at a glance

Tax year — Calendar year (1 January to 31 December) (Income and Business Tax Act (Cap. 55))

Currency — Belize dollar (BZD), pegged at BZD 2 = USD 1 (approx — confirm peg still in force) (Central Bank of Belize Act)

Tax authority — Belize Tax Service Department (BTS) (Belize Tax Service Department)

Social security authority — Social Security Board (SSB) (Social Security Act)

Residence / taxation basis — Income tax is charged on income accruing in or derived from Belize; residents are generally taxed on Belize-source income (territorial emphasis) (approx — confirm scope for foreign-source income) (Income and Business Tax Act (Cap. 55))

Headline personal income tax rate — 25% flat on chargeable income percent (Income and Business Tax Act (Cap. 55))

Headline business tax (companies) — Business tax on gross receipts at activity-specific rates (commonly 1.75% trade, 3% rents/royalties, 6% professions); 25% income tax applies to petroleum operations percent (Income and Business Tax Act (Cap. 55))

Does a VAT/GST exist? — Yes — General Sales Tax (GST) at a standard rate of 12.5% percent (General Sales Tax Act)

Capital gains tax — No separate capital gains tax in Belize (Income and Business Tax Act (Cap. 55))

Annual income tax return deadline — 31 March following the end of the tax year (unless extended by the Commissioner) (Income and Business Tax Act (Cap. 55))

GST return frequency / deadline — Monthly; return and payment due by the 15th of the following month (Form BTS210) (General Sales Tax Act)