Charge of duties in Part IV

(1) Subject to this Act, there shall be charged as stamp duties for the use of the State in aid of the Consolidated Revenue Fund upon the instruments of the several descriptions specified in Part IV, the duties of the several amounts specified in the said Part. (2) The charge by this Act of a duty on an instrument shall, unless otherwise provided, be in addition to any fee chargeable in respect of that instrument under any other law, whether the fee is or is not for the time being directed to be collected or received by means of stamps. (3) Unless otherwise provided, the charge of duty by this Act applies only to instruments relating to property situated in Belize, or to some matter or thing done or omitted or which may or is to be done or omitted in Belize, but applies to such instruments wherever executed. (4) The stock of a company incorporated outside Belize which has a place of business in Belize or owns land in Belize shall, for the purposes of stamp duty, be deemed to be situated in Belize. 14 [CAP. 64 (4A) For the purposes of sub-section (3), if a company incorporated under the International Business Companies ActCAP. 270. CAP. 273:01. (a) is not an included entity pursuant to the Economic Substance Act; and (b) does not own land, stock, bonds, or other property in Belize other than stock or other securities in another international business the shares of that company shall not be deemed to be situated in Belize for purposes of stamp duty. (5) Where an instrument relating to the stock of any such company is executed by the holder of the stock in the country under whose laws the company is incorporated, that stock shall not for the purposes of the stamp duty on that instrument be deemed to be situated in Belize.