Belize: Taxes and Costs
Country Rating » 
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Country Statistics
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Property Rights Index
- Currency +/- Value
Belize has low income tax
INDIVIDUAL TAXATION
INCOME TAX
Income is classified according to sources and is taxed accordingly.
Business Tax
Non-residents receiving rental income pay business tax at a rate of 3% on the gross rental income.
There is no capital gains tax in Belize.
PROPERTY TAX
Property Tax
Property taxes are levied on actual rental income of the property (if it is rented out) or on the assessed rental values, which are likely to be underestimated by the authorities. The tax is levied at 9% for occupied properties located in urban areas but the tax rate varies between 2% to 9% in other municipalities.
In Belize, property taxes outside cities are based on land value rather than the developed value of the property, to encourage development. Tax rates vary between 1% and 1.5% of the value of the undeveloped land.
Belize - more data and information
Post a comment
Subscribe to our Newsletter!
Enter your email address to sign up.
Your Comments
Be the first to comment!