News

CRS NIL REPORT AND FILING INSTRUCTIONS

CRS Filings Summary/Nil Report
These instructions are provided for financial institutions to submit a Nil report or CRS Filing Summary after reporting is complete.
1. Select Filings from the main Menu to access the Manage Filings page.
2. Click the Create Filing button. Enter Filing Name of your choice. Select CRS Filing Summary filing type. Enter applicable Period End Date (31 December of relevant filing year). Click the Create button.
3. Select filing created at the screen that pops up next. Filing will also be available in the Draft Filings section of the Filings menu.

CRS MANUAL FILING INSTRUCTIONS

CRS Manual Filing
To perform a manual CRS Filing reporting New Data, kindly follow the steps below:
1. Select Filings from the main Menu to access the Manage Filings page.
2. Click the Create Filing button. Enter Filing Name of your choice. Select CRS Manual Entry filing type. Enter applicable Period End Date (31 December of relevant filing year). Click the Create button.
3. Select filing name created at the screen that pops up. Your filing will also be available in the draft filings section of the Filings menu.

GUIDELINES FOR PAYING TAXES THROUGH ATLANTIC BANK

The general public is hereby notified that effective May 8, 2023, any payment made through Atlantic Bank to any Belize Tax Service Department (BTSD) account via teller deposits, third party or other bank transfers will not be applied to BTSD accounts. Payments to the Belize Tax Service Department from Atlantic Bank are to be made only through the Bill Pay services via Atlantic Online or tellers countrywide.

Companies Previously Classified as International Business Companies

Pursuant to the enactment of the new Belize Companies Act, Act no. 11 of 2022, and the amalgamation of registries to one Belize Companies and Corporate Affairs Registry, the Director General hereby notifies ALL companies, previously classified as International Business Companies as per the repealed International Business Companies Act, Chapter 270 of the Laws of Belize that effective immediately, your applications for a Tax Identification Number(TIN) must be submitted directly to the Belize Tax Service using the email below:
Internationalcompliance@bts.gov.bz

ALL TAXPAYERS REQUIRED TO FILE TAX RETURNS AND PAY TAXES ONLINE

Pursuant to Section 22 (2)(c) of The Tax Administration and Procedure Act, Chapter 51 Revised Edition 2020 (TAPA), which grants the Director General of the Belize Tax Service Department (BTSD) the authority to specify the manner in which returns should be filed, including electronically and with electronic signature, the Director General hereby notifies ALL taxpayers that effective April 1, 2023 they will be required to file tax returns and pay all taxes administered by the BTSD online.

REQUEST FOR EXPRESSIONS OF INTEREST: PROJECT SUPPORT OFFICER

The Government of Belize (GoB) has entered into a US$ 14 Million Loan Contract Agreement (No. 4839/OC-BL) with the Inter-American Development Bank (IDB) for the execution of a five-year tax modernization project entitled “Strengthening of Tax Administration”. The Ministry intends to apply a part of the proceeds towards payments for the services of Project Support Officer.
The objective of the position is to provide general administrative and clerical support to the PEU in compliance with IDB and national regulations.

HOW TO REGISTER ON IRIS?

This guide will provide a step-by-step on how to register your account:
Go to the Official Belize Tax Service Online Website Belize Tax Services (bts.gov.bz)
On the home page click the “Register for an account” button.
This link will take you to the online registration form.
Start Filling the Following Details:
i. Your first & last name.

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.

NOTICE FILING OF COUNTRY BY COUNRY REPORTING

The Mutual Administrative Assistance In Tax Matters (Automatic Exchange Of Country-By-Country Reports) Regulation S.I. No. 57 of 2020 Section (“CbC Regulations”) was published in April 18th, 2020 and has thereafter entered into force. The requirement to file CbC Reports forms part of the enhanced transfer pricing documentation set out in BEPS Action 13 report.