Exemptions

(1) There shall be exempted from the application of tax, the following medicines and medical supplies for human use, namely– (a) analgesics in the form of liquids, tablets, capsules, or other solid dosage forms for oral or rectal use; (b) cough and cold preparations in the form of liquids, tablets, capsules or other solid dosage forms for oral or nasal use; (c) diagnosis testing kits and devices for testing glucose in blood and using; (d) insulin and insulin and syringes with needles and devices of a type not exceeding 100 units (1.0ML) capacity, for the administration if U100 insulin; (e) oral rehydration preparations in the form of salts or solutions of W.H.O./Pharmacopeia standards; 6 (f) medicines and drugs of a kind available only by prescription; and (g) bandages, dressings and medicated plasters, salves and ointments, and dialysis fluids. (2) In addition to the exemptions granted under subsection (1), the following goods shall be exempt from the application of tax– (a) basic foodstuffs, namely, rice, beans, potatoes, coffee, tea, butter and butter substitutes, cheese, margarine, cooking oil, shortening, lard and lard substitutes, milk in powder form, condensed milk, baby formula, sardines, meat of swine salted or in brine, corned beef, salt; (b) goods which are made available from funds provided under grant agreements with external donor agencies, or funds borrowed from external financial institutions by the Government of Belize, or under a Government guarantee, to assist in the economic development of Belize; and (c) goods imported from CARICOM countries.