NOTICE TO PERSONS MAKING WIRE TRANSFER
The Director General wishes to inform all persons wiring transfers to the Department that the National Bank of Belize applies a service charge of BZD $50.00 to all incoming wire transfers.
The Director General wishes to inform all persons wiring transfers to the Department that the National Bank of Belize applies a service charge of BZD $50.00 to all incoming wire transfers.
The Belize Tax Service Department headquarters and offices countrywide will be closed on Friday, June 27th, 2025, as we celebrate Public Service Day.
We will resume on Monday, June 30th, 2025, at 8:00 AM for normal business.
Pursuant to Section 64A of the Tax Administration and Procedure Act, Cap 51, Revised Edition 2020, as amended by Act 19 of 2021, the Director General of the Belize Tax Service Department hereby serves formal notice to tax defaulters with outstanding arrears due to the Government of Belize.
FURTHER EXTENSION FOR FILING OF FINANCIAL STATEMENT RETURN
1.
What is CRS and what is the importance of CRS in AEOI?
The Common Reporting Standard (CRS) was developed by the Organization for Economic Co-operation and Development (OECD) in response to requests made by the G20. It is the global standard for the automatic exchange of financial account information for tax purposes. In other words, CRS is the gathering and reporting of financial information by financial institutions in participating countries, to help combat tax evasion and protect the integrity of tax systems in the various jurisdictions.
2.
Who is considered to be an FI?
In CRS, financial institution does not just mean banks. An FI could be a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.
3.
Who should be registered for CRS?
You are required to be registered for CRS if you are consider to be a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company.
Background: The Belize Tax Service (BTS), a department under the Ministry of Finance, is seeking to procure Microsoft 365 licenses to support its digital transformation and ensure secure, collaborative, and efficient service delivery across all units. The licenses are intended to maintain and expand current capabilities under the Government of Belize’s standard ICT platform.
Objective: To acquire a one-year subscription of Microsoft 365 licenses tailored to the operational and security needs of BTS, including collaboration tools, project management solutions, security add-ons, and analytics services.
The Government of Belize has received financing from the Inter-American Development Bank (IDB), toward the cost of the Strengthening of Tax Administration Project (STAP) and intends to apply part of the proceeds for consulting services.
The consulting services (“the Services”) for a Consulting Firm to Design, Implement, and Execute a Countrywide Public Awareness and Marketing Campaign for Electronic Tax Document (ETD) before, during and after the rollout of the ETD. Specific objectives include the following:
1.
Design and implement a Public Awareness and Marketing Campaign
2.
Increase Progressive Public Awareness of the ETD System
3.
Encourage Voluntary Taxpayer Compliance
4.
Foster Adoption and Usage of E-Invoicing services
5.
Collaborating with ETD Consultant
The Director General of the Belize Tax Service Department (BTSD)
notifies all taxpayers that the deadline for filing Financial
Statement Return has been extended to June 30th, 2025.
Taxpayers are also reminded that the Financial Statement Return is
a summary return, and as such, uploading of full Financial
Statement is not mandatory—only the completion of the return is
required.
The Director General of the Belize Tax Service Department (BTSD)
notifies all taxpayers that the deadline for filing Financial
Statement Return has been extended to June 30th, 2025.
Taxpayers are also reminded that the Financial Statement Return is
a summary return, and as such, uploading of full Financial
Statement is not mandatory—only the completion of the return is
required.
The Director General of the Belize Tax Service Department hereby notifies all taxpayers that are registered for Business Tax to the following important filing requirements: