Home » Belize » Belize – Taxation

Belize – Taxation

Belize is a popular destination for expats due to its warm climate, beautiful scenery, and relaxed lifestyle. However, before moving to Belize, it’s important to understand the taxation system in the country. In this article, we will explain how the taxation system works in Belize, whether the country offers any double taxation agreements, the main taxes expats need to be aware of, any special tax breaks that could apply to expats, how and when to file a tax return as an expat, and the tax exit procedures for anyone leaving Belize to move abroad.

The Taxation System in Belize

Belize operates a territorial taxation system, which means that residents are only taxed on income earned within the country. Non-residents are only taxed on Belizean-sourced income, such as income from employment in Belize or income earned from a business operating within Belize.

The taxation system in Belize is relatively simple compared to other countries. There is no income tax for individuals, and the government relies on indirect taxes to generate revenue. The main taxes in Belize include the General Sales Tax (GST) and customs duties.

Double Taxation Agreements

Belize has signed double taxation agreements with several countries to avoid double taxation for individuals and companies. These agreements ensure that income is not taxed twice in both countries, which can result in a significant tax burden for taxpayers. Some of the countries that have signed double taxation agreements with Belize include the United States, Canada, and the United Kingdom.

Main Taxes in Belize

As an expat in Belize, there are several taxes that you need to be aware of. The main taxes include the General Sales Tax (GST) and customs duties.

General Sales Tax (GST)


Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month


Unsubscribe any time. We respect your privacy - read our privacy policy.


The General Sales Tax (GST) in Belize is set at 12.5% and is applied to most goods and services, including accommodations, utilities, and transportation. As a consumer, you will need to pay the GST on any goods and services that you purchase in Belize.

Customs duties

Customs duties are levied on imported goods and are calculated based on the value of the goods. The duty rate ranges from 0% to 40%, depending on the type of goods and the country of origin. As an expat, if you are planning to import goods into Belize, you will need to pay the applicable customs duties.

Special Tax Breaks for Expats

Belize offers several tax breaks for expats who invest in the country. The Qualified Retired Persons Incentive Program (QRP) allows expats who meet certain requirements to retire in Belize and enjoy several tax breaks, including exemptions on income tax, capital gains tax, and import duties on personal belongings.

Filing a Tax Return in Belize

As an expat in Belize, you are not required to file a tax return if you don’t have any income earned within the country. However, if you do have income earned in Belize, you will need to file a tax return. The tax year in Belize runs from April 1st to March 31st. The tax return must be filed by June 30th of the following year.

To file your tax return, you will need to obtain a tax identification number (TIN) from the government. You will also need to gather all the necessary documentation, including income statements and receipts for any deductions. The tax return can be filed online through the government’s tax portal or in person at the tax office.

Tax Exit Procedures for Leaving Belize

If you are leaving Belize to move abroad, you will need to follow certain tax exit procedures. The first step is to inform the government that you are leaving the country and that you are no longer a tax resident. You will need to settle any outstanding tax liabilities, including any unpaid GST or customs duties. It’s important to note that if you have any assets in Belize, such as property or investments, you may also need to pay any applicable taxes before you can transfer ownership.

Belize offers a simple taxation system with no income tax for individuals. However, expats should be aware of the General Sales Tax (GST) and customs duties, which are the main taxes in the country. Belize also offers several tax breaks for expats who invest in the country, such as the Qualified Retired Persons Incentive Program (QRP). If you have income earned in Belize, you will need to file a tax return by June 30th of the following year. If you are leaving Belize to move abroad, you will need to inform the government and settle any outstanding tax liabilities, including any unpaid GST or customs duties. It’s always advisable to consult with a tax advisor before leaving Belize to ensure that you have fulfilled all your tax obligations and to avoid any future tax issues.


Latest Videos

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.  Germany's Health Insurance Update:  Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.  COVID-19 Measures Reintroduced in Cyprus:  With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.  Free Health Trials in Trieste, Italy:  Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.  Spain's New Health Advice App:  Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.  Expat Satisfaction with Healthcare in Mexico:  A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.  Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.

Germany's Health Insurance Update:

Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.

COVID-19 Measures Reintroduced in Cyprus:

With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.

Free Health Trials in Trieste, Italy:

Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.

Spain's New Health Advice App:

Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.

Expat Satisfaction with Healthcare in Mexico:

A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.

Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_nC_Fs6gU22U

Expat Focus International Healthcare Update January 2024

Expat Focus 31 January 2024 10:36 am

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feed settings page to add an API key after following these instructions.