Income tax and other taxes payable

(1) Subject to this Part, there shall be levied and paid to the Commissioner of Income Tax the relevant taxes at the rate specified in the Income and Business Tax Act. CAP. 55. (2) The international business company that is a person resident in Belize shall– (a) be liable to pay the levy pursuant to sub- (b) file an annual tax return based on the requirements of the Income and Business Tax; CAP. 55. (c) be subject to the Stamp Duties Act including the payment of stamp duty in relation to an instrumentCAP. 64. (i) to transfer property situate in Belize to or by such company; (ii) on transactions in respect of the shares, debt obligations or other securities of such company; and (iii) relating to the assets or activities situate in Belize of a company. 126