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Belize: tax measures announced

The Prime Minister and the Minister of Finance and Natural Resources presented the Budget Speech for the 2017–18 fiscal year on 13 March 2017. The budget contains the following tax measures:

  • Adjusting the excise duty charged on carbonated water, beer and stout, cement and fuel
  • Increasing the departure tax for non-Belizeans to BZD40
  • Increasing the environmental tax on imported goods by 1%
  • Increasing the social fee on Free Zone cigarettes to 20%
  • Reducing the tax threshold for electricity consumption from BZD200 to BZD100
  • Increasing the stamp duty on foreign exchange permits

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