IBC News
APPLICATION FOR CERTIFICATE OF GOOD STANDING
APPLICATION FOR CERTIFICATE OF GOOD STANDING The Director General of the Belize Tax Service Department (BTSD) hereby notifies all taxpayers that an application for a Certificate of Good Standing (COGS) from the BTSD must be submitted at least one week prior to the date that it is due.
WIRE TRANSFER NOTICE
We deeply regret to inform you that the wire transfer details provided for payment of your taxes cannot be utilized for that purpose. We will provide the wire transfer details for tax payment purposes next week.
There will be no penalties or interest charged on late payments that were made because of this error.
We apologize for any inconvenience this may have caused as we work to rectify this issue.
AUTOMATIC EXCHANGE OF INFORMATION
AN ACT to amend the Income and Business Tax Act,
Chapter 55 of the Substantive Laws of Belize, Revised
Edition 2011; to enhance Belize’s competitiveness and
stimulate renewed growth in the international financial
services sector; and to provide for matters connected
therewith or incidental thereto.
The Filing of Returns and Payment of Taxes by International Business Companies
All resident international business companies (IBCs), including members of a Public Investment Company (PIC) group, who were exempt from the payment of income and business tax prior to 1 July 2021 shall file their first annual tax return of receipts on or before 31 March 2022.