Deduction in case of resident in Belize

(1) In ascertaining the chargeable income of an employed individual who is resident in Belize, there shall be allowed a basic deduction in the following amounts– (a) in the case of an employed individual whose total income in a basis year from all sources does not exceed twenty six thousand dollars - ---------------------------------------- $25,600.00. (b) in the case of an employed individual whose total income in a basis year from all sources exceeds twenty six thousand dollars but does not exceed twenty seven thousand dollars----- ----------------------------------------$24,600.00. (c) in the case of an employed individual whose total income in a basis year from all sources exceeds twenty seven thousand dollars but does not exceed twenty nine thousand dollars- ------------------------------ $22, 600.00. (d) in the case of all other employed individuals - ----------------------------------------$19,600.00. (2) Any employed individual who is resident in Belize and whose total income in a basis year from all sources is less than 27 twenty thousand dollars shall not be chargeable to tax in that year. (3) A deduction of $100.00 as a tax credit shall be allowed from the total tax payable of all residents. (4) Where the Commissioner is satisfied in any particular case arising during the three basis years commencing from 1st January, 1995 that the basic deduction allowed under this section is less than what would have been received in respect of such claims had this section not been passed, then the Commissioner shall allow an additional deduction to the extent that the basic deduction falls short of the value of claims allowable in accordance with previous provisions. (5) For the purpose of determining the eligibility for deduction under this section, all income, whether exempt from tax or not, shall be included as gross income. (6) For the purpose of this section, a person shall be deemed to be resident during a basis year if he spent in the aggregate more than one hundred and eighty-two days within the country in that basis year or was domiciled in Belize.