Belize Tax Rates
Belize operates a territorial tax system administered by the Belize Tax Service Department. Only Belizean-source income is taxable. Personal income tax is a flat 25%, business tax rates vary by activity (1.75-25%), and the General Sales Tax (GST) is 12.5%. Belize is known for its International Business Companies (IBCs) which are tax-exempt, making it popular for offshore corporate structuring.
Top Income Tax Rate
25%
Corporate Tax Rate
25%
VAT / Sales Tax
12.5%
Capital Gains Tax
0%
Detailed Tax Information
Income Tax Brackets
Belize imposes a flat 25% income tax on employment income above BZD 26,000 annually. Only Belizean-source income is taxable under the territorial system. Business income is subject to a business tax at varying rates (1.75% to 25% depending on the type of activity) on gross receipts rather than net profits.
| Income Range | Tax Rate |
|---|---|
| BZ$0 – BZ$26K | 0% |
| BZ$26K+ | 25% |
Corporate Tax
Belize uses a business tax system based on gross receipts rather than net profits, with rates from 1.75% (general trade) to 25% (professional services). International Business Companies (IBCs) are completely exempt from all Belizean taxes, making Belize popular for offshore structuring.
Standard Rate
25%
Small Business Rate
1.8%
Capital Gains Tax
Belize does not impose a capital gains tax. Gains from the sale of assets are not subject to taxation.
Rate
0%
VAT / Sales Tax
Belize levies a 12.5% General Sales Tax (GST) on most goods and services. Basic food items, medicines, exports, and educational services are zero-rated or exempt.
Standard Rate
12.5%
Cryptocurrency Tax
Belize does not have specific cryptocurrency legislation. Under the territorial system, foreign-source crypto income would be exempt. The Central Bank of Belize has cautioned about virtual currencies.
Tax Treaties
Belize has a limited tax treaty network. As a CARICOM member, Belize benefits from the CARICOM double taxation agreement. The country has Tax Information Exchange Agreements with several jurisdictions.
Treaty Network
2
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Belize
See how much you could save by moving here from your current country.
+$2K
Tax in United States
$24K
24.4% effective
Tax in Belize
$22K
22% effective
You Save
9.7%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
