Goods and Services Tax (GST) in Belize

Belize has some taxes as most of the countries have. The most common tax in Belize is the General Sales Tax (GST), also called Sales Tax or VAT (Value Added Tax).

Belize has made a number of changes to the way that it handles the Goods and Services Tax. These changes have been: 

  • unknown – 1999: 15% Value Added Tax (VAT)
  • 1999 – ?: ??% Sales Tax
  • April 2010 – now: 12.5% Goods and Services Tax (GST)
According to The Belize Department of General Sales Tax
General sales tax (GST) is a tax imposed on the value or the mark-up added to imports and other goods and services supplied by one business to another or to final customers. General sales tax is calculated and charged on transactions in the production and delivery chain but the consumer pays General sales tax only on the final selling price. However, the tax paid on inputs by a registered person is netted off the tax received on the output and only the difference is paid to Government. Where the input tax incurred by a registered person exceeds the output tax (received), the registered person may claim the difference as a credit against future tax liability.