Name of the Organization : Department of Income Tax
Type of Facility : Register To File & Pay Business Tax & PAYE
Country : Belize
Official Website : http://www.incometaxbelize.gov.bz/index.html
Guidelines to Registration :
Persons in the following categories are required to register with the Income Tax Department in order to file and pay Business Tax and PAYE :
1) Persons carrying on a trade or business, which earns $75,000.00 or more per annum where such receipts are the only source of livelihood of the person;
Related : Department of Income Tax Application For Rewards Program Registration Belize : www.statusin.org/5183.html
2) Persons practicing a self-employed profession or vocation, earning $20,000.00 or more per annum where such receipts are the only source of livelihood of the person :
3) Persons engaged in the business of investment or earnings from real or personal property :
4) Persons engaged in the provision of personal services, including Tour Operators, Travel Agents and other Commission Agents :
Note :
No deductions are allowed except for specific relief granted under the Business Tax Act (see Section dealing with DEDUCTIONS – Page 14).
For Employers :
In addition to the above, any person who employs individuals earning $200 or more per annum must register.
To register, submit the following :
1. For Companies, Partnerships, Non-profit Organizations, Government, Statutory Boards, etc :
1) TR121A – Business Registration Form Non- Individual
2) Copy of Company Certificate of Incorporation*
3) Copy of Articles and Memorandum of Association
4) For each employee, Form TR111 – (Registration Individual)
2. For Self-employed Persons :
1) TR121B – Registration Individual Enterprise and TR111 – (Registration Individual)
2) Copy of Trade License*
3) Copy of Certificate of Business Registration*
4) Personal Identification Card
5) For each employee, Form TR111 – (Registration Individual)
Persons with employees must note that each employee is to complete TR111 at the time of employment if they do not already have a TIN. The same TIN is to be used if they resign and take on a new employment.
Important :
On completion of the registration process a Tax Identification Number (TIN) will be issued. The TIN number is the same number that is to be used for General Sales Tax and Customs and Excise processes.
Note :
** The Company Certificate of Incorporation is issued to companies by the Registrar General, Registry at the time they incorporate.
** The Business Registration form is the form issued by the Registrar General, Registry to persons other than companies who wish to register their business name.
** The Trade License Certificate is issued by City Councils and Town Boards.
Download Forms : http://www.incometaxbelize.gov.bz/register.html