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Belize National Assembly Considering Amendments to Standardize Fiscal Incentives for Major Investments

06 August 2024

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Proposed Changes

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Belize

The National Assembly of Belize is considering the Fiscal Incentives (Amendment) Bill 2024, including a new section (part) to standardize incentives for major investments of at least USD 250 million in projects implemented by a "high investment company". The incentives that may be granted to a qualifying high investment company include exemptions from: Import duty (during the establishment and construction phase of the approved activity); Revenue replacement duty; Excise duty; The payment of business tax including any withholding, business, income, or other taxes (in connection with any dividends or interest paid by the high investment company); and General sales tax...