Belize – Act no. 12 of 2021 – Income and Business Tax (Amendment) Act 2021
The Belize Government has made an amendment to the relevant Government fee charged and please see the main points below:
- An increase in the incorporation fee for an international business company with a share value of US$50,000 or less from the existing US$100 to US$200;
- An increase in the annual renewal fee for an international business company with a share value of US$50,000 or less from US$150 to US$250; and
- Repealing section 114 sub-section (2) thereby eliminating the late penalty fee for companies renewing for the year.
Regarding the fee increase for incorporations and renewals please note that the grace periods are as follows:
- Fee increase for incorporation will take effect September 1st, 2021;
- Fee increase for renewals will take effect January 1st, 2022.
The Act is attached for your reference
ACT NO. 12 OF 2021 – INCOME AND BUSINESS TAX (AMENDMENT) ACT 2021 PDF document