Income And Business Tax

Cap. 55 · Revised Edition 2020 · 137 sections

s. 1Short title
s. 2Interpretation
s. 3Repealed
s. 4Repealed
s. 5Charge of Income Tax
s. 6Basis of Assessment
s. 7Special periods of assessment
s. 8Exemptions
s. 9Business of shipping by non-resident
s. 10Government loans
s. 11Deductions allowed
s. 12Tear and wear deductions
s. 13Disallowed deductions
s. 14Repealed
s. 15Trade losses allowance
s. 16Deduction in case of resident in Belize
s. 17Deduction for certain gifts
s. 18Provision for certain companies and businesses
s. 19Wife’s income and separate returns by husband and wife
s. 20Rates of taxes upon persons other than companies
s. 21Taxes from 1999 basis year
s. 22Deduction of tax from dividends of companies
s. 23Temporary residents
s. 24Chargeability of trustees, etc
s. 25Chargeability of agent of person residing out of Belize
s. 26Responsibilities of trustees
s. 27Statement to be prepared by trustees, etc
s. 28Manager of corporate bodies of persons
s. 29Indemnification of representative
s. 30Deceased persons
s. 31Returns
s. 32Repealed
s. 32APower of Commissioner to require audited financial statements
s. 33Repealed
s. 34Repealed
s. 35Partnerships
s. 36Repealed
s. 37Repealed
s. 38Commissioner to make assessments
s. 39Repealed
s. 40Repealed
s. 41Appointment of agent in the United Kingdom
s. 42Repealed
s. 43Repealed
s. 44Repealed
s. 45Repealed
s. 46Relief in respect of United Kingdom Income Tax
s. 47Relief in respect of Commonwealth Income Tax
s. 48Time for making claim
s. 49Official secrecy
s. 50Double taxation arrangements
s. 51Tax credits
s. 52Double taxation relief applicable to dividends
s. 53Repealed
s. 54Repealed
s. 55Repealed
s. 56Repealed
s. 57Repealed
s. 58Repealed
s. 59Recovery of tax in certain cases
s. 60Repealed
s. 61Repealed
s. 62Repealed
s. 63Repealed
s. 64Repealed
s. 65Magistrate may order payment of tax, etc., into court
s. 66Imprisonment for failure to obey order
s. 67Debtor paying whole of amount ordered to be paid
s. 68Repealed
s. 69Sale of goods levied on and disposal of proceeds
s. 70Bailiff’s fees
s. 71Failing to recover on goods the Collector to sell realty of defaulter
s. 72Repealed
s. 73Vesting of property in State on abortive sale of realty and continued default in payment
s. 74Conditions of sale
s. 75Effect of execution of sales with regard to title
s. 76Repealed
s. 77Disposal of surplus proceeds of sale
s. 78Affidavit by a person not the defaulter, claiming the property levied upon
s. 79Discontinuance of levy upon bond being given by claimant, etc
s. 80Abandonment of levy or setting cause down for trial
s. 81Issue at trial
s. 82Procedure to be same as in ordinary cases
s. 83Exemption from stamp duties
s. 84Burden of proof
s. 85Period of prosecution
s. 86Summary conviction penalty
s. 87Penalty
s. 88Repealed
s. 89Repealed
s. 90Repealed
s. 91Repealed
s. 92Repealed
s. 93Repealed
s. 94Rules
s. 95Minister may remit tax
s. 95ATax information exchange agreement
s. 96Failure to deduct and remit
s. 97Assessment for failure to deduct or remit
s. 98Interpretation in this Part
s. 99Separate accounts for petroleum operations
s. 100Assessment of chargeable income
s. 101Valuation of petroleum
s. 102Tax Accounting Principles, etc
s. 103Application of Parts I to IX to Petroleum Profits
s. 104Application of Part X
s. 105Interpretation in this Part
s. 106Imposition of business tax
s. 107Rates of tax
s. 108Exemptions from tax
s. 108AForeign source income of companies
s. 109Duty to make returns and pay tax
s. 110Commissioner to make assessments
s. 110AReal estate agents
s. 111Additional assessments
s. 112Withholding tax on gross contract payments
s. 113Miscellaneous taxes
s. 114Refund of excess tax
s. 115Carry forward of losses
s. 116Repealed
s. 117Purchaser of business, etc., to pay arrears of tax
s. 118Repealed
s. 119Regulations
s. 120Transitional provisions
s. 121Tax holiday companies
s. 122Interpretation in this Part
s. 123Imposition of petroleum surcharge
s. 124Rates of surcharge
s. 125Adjustment to threshold price
s. 126Crude oil price and hedging arrangements
s. 127Exemption from surcharge during cost-recovery period
s. 128Duty to make returns and pay surcharge
s. 129Commissioner to make assessment
s. 130Additional assessment
s. 131Penalty for evasions
s. 132General penalty
s. 133Regulations