Section 55A

(1) The following instruments relating to international business companies duly established under the International Business Companies Act may not be required to pay stamp duties imposed by this ActInternational business companies. CAP. 270. (a) in respect of shares pursuant to section 14(4A), international business companies that are considered non-included entities under the Economic Substance Act; CAP. 273:01. (b) in respect of an international business company that is a non-included entity under the Economic Substance Act, if the jurisdiction of its business operations accords an exemption to instrument executed by a company in that jurisdiction; CAP. 273:01. (c) if the international business company is required to pay a stamp duty or an equivalent duty in a jurisdiction of operations in regards to a particular instrument; (d) if the international business company is a regulated entity under the Economic Substance Act, any statutory declaration required to be made by the relevant Act or by the rules of the international business company; or CAP. 273:01. (e) if a matter or thing which may be omitted by an international business company is omitted in Belize by a non-included entity. (2) For the purpose of determining whether an international business company that is either an included entity or a non- included entity under the Economic Substance Act is liable for stamp duty, an instrument that is executed is deemed to be situated in Belize ifCAP. 273:01. 34 [CAP. 64 (a) the instrument relates to land in Belize; (b) is retrieved or accessed by a person in Belize; (c) a copy of it is stored on a device, including a computer, and brought into Belize; (d) an electronic copy of it is stored on a computer in Belize; (e) any party involved or associated with the execution of an instrument is a citizen of Belize, a CARICOM national, or a Belizean company as defined in section 72(4) and (5) respectively; or (f) the instrument is executed by an included entity pursuant to the Economic Substance Act. CAP. 273:01.