Belize

Revenue Statistics in Latin America and the Caribbean 2023

This report compiles comparable tax revenue statistics over the period 1990-2021 for 27 Latin American and Caribbean economies. Based on the OECD Revenue Statistics database, it applies the OECD methodology to countries in Latin America and the Caribbean (LAC) to enable comparison of tax levels and tax structures on a consistent basis, both among the economies of the region and with other economies. The report includes two special features examining the fiscal revenues from non-renewable natural resources in the LAC region in 2021 and 2022 as well as the measurement and evaluation of tax expenditures in Latin America. This publication is jointly undertaken by the OECD Centre for Tax Policy and Administration, the OECD Development Centre, the Inter-American Center of Tax Administrations (CIAT), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB).

English Also available in: Spanish

Related Content:
- Revenue Statistics in Latin America and the Caribbean 2023 (brochure)

From Chapter: Country tables, 1990-2021 – Tax revenues

https://doi.org/10.1787/a7640683-en

Table

Table 5.5 - Belize

Details of tax revenue

English Also available in: Spanish

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‌5.5	Belize
‌	Details of tax revenue
‌	Million BZD
‌	‌‌	‌1990‌	‌2000‌	‌2007‌	‌2010‌	‌2016‌	‌2017‌	‌2018‌	‌2019‌	‌2020‌	‌2021‌
‌	Total tax revenue	178	318	652	740	1 005	1 054	1 129	1 153	770	1 172
‌	1000 Taxes on income, profits and capital gains	37	76	180	248	261	269	286	291	184	254
‌	1100 Of individuals	21	19	45	52	88	93	101	105	73	105
‌	1110 On income and profits	21	19	45	52	88	93	101	105	73	105
‌	Income tax (PAYE)	20	19	45	52	88	93	101	105	73	105
‌	Income tax on individuals	1	0	0	0	0	0	0	0	0	0
‌	1120 On capital gains	..	..	..	..	..	..	..	..	..	..
‌	1200 Corporate	12	51	127	189	162	166	173	174	104	140
‌	Income tax (companies)	12	1	11	51	0	0	3	3	1	1
‌	Income tax (business tax)	0	51	115	138	162	166	170	171	103	139
‌	Income tax (supplemental petroleum tax)	0	0	0	0	0	0	0	0	0	0
‌	1210 On profits	..	..	..	..	..	..	..	..	..	..
‌	1220 On capital gains of corporates	..	..	..	..	..	..	..	..	..	..
‌	1300 Unallocable between 1100 and 1200	4	6	9	7	11	10	12	12	8	9
‌	Income tax (arrears)	4	3	5	1	2	2	3	2	1	2
‌	Income tax (withholding)	0	3	4	6	9	8	10	10	6	7
‌	2000 Social security contributions	10	18	53	60	80	83	87	100	110	117
‌	2100 Employees	..	..	..	..	..	..	..	..	..	..
‌	2110 On a payroll basis	..	..	..	..	..	..	..	..	..	..
‌	2120 On an income tax basis	..	..	..	..	..	..	..	..	..	..
‌	2200 Employers	..	..	..	..	..	..	..	..	..	..
‌	2210 On a payroll basis	..	..	..	..	..	..	..	..	..	..
‌	2220 On an income tax basis	..	..	..	..	..	..	..	..	..	..
‌	2300 Self-employed or non-employed	..	..	..	..	..	..	..	..	..	..
‌	2310 On a payroll basis	..	..	..	..	..	..	..	..	..	..
‌	2320 On an income tax basis	..	..	..	..	..	..	..	..	..	..
‌	2400 Unallocable between 2100, 2200 and 2300	10	18	53	60	80	83	87	100	110	117
‌	2410 On a payroll basis	..	..	..	..	..	..	..	..	..	..
‌	2420 On an income tax basis	..	..	..	..	..	..	..	..	..	..
‌	3000 Taxes on payroll and workforce	0	0	0	0	0	0	0	0	0	0
‌	4000 Taxes on property	34	13	31	23	31	32	49	39	25	54
‌	4100 Recurrent taxes on immovable property	1	2	7	7	7	6	6	7	5	8
‌	4110 Households	1	2	7	7	7	6	6	7	5	8
‌	4120 Others	0	0	0	0	0	0	0	0	0	0
‌	4200 Recurrent taxes on net wealth	0	0	0	0	0	0	0	0	0	0
‌	4210 Individual	..	..	..	..	..	..	..	..	..	..
‌	4220 Corporate	..	..	..	..	..	..	..	..	..	..
‌	4300 Estate, inheritance and gift taxes	0	0	0	0	0	0	0	0	0	0
‌	4310 Estate and inheritance taxes	..	0	0	0	0	0	0	0	0	0
‌	4320 Gift taxes	..	0	0	0	0	0	0	0	0	0
‌	4400 Taxes on financial and capital transactions	33	11	24	16	25	26	44	32	20	46
‌	Stamp duties on customs	28	0	0	0	0	0	0	0	0	0
‌	Stamp duties (other departments)	5	11	24	16	25	26	44	14	2	5
‌	Stamp duties (land transactions)	0	0	0	0	0	0	0	18	18	41
‌	4500 Non-recurrent taxes	0	0	0	0	0	0	0	0	0	0
‌	4510 On net wealth	..	..	..	..	..	..	..	..	..	..
‌	4520 Other non-recurrent taxes	..	..	..	..	..	..	..	..	..	..
‌	4600 Other recurrent taxes on property	0	0	0	0	0	0	0	0	0	0
‌	5000 Taxes on goods and services	97	211	389	409	633	670	707	723	450	746
‌	5100 Taxes on production, sale, transfer, etc.	94	207	380	400	630	662	696	712	444	739
‌	5110 General taxes	0	82	175	199	292	292	317	323	197	326
‌	5111 Value added taxes	0	0	174	199	292	292	317	323	197	326
‌	5112 Sales tax	..	82	0	0	0	0	0	0	0	0
‌	5113 Other	..	0	0	0	0	0	0	0	0	0
‌	5120 Taxes on specific goods and services	94	125	205	200	338	369	379	389	247	413
‌	5121 Excises	35	47	72	31	159	187	193	194	127	210
‌	Revenue replacement duty	18	39	49	7	1	1	1	1	1	1
‌	Excise duties	17	8	22	22	157	186	191	192	124	207
‌	Excise on locally refined petroleum products	0	0	0	0	0	0	1	0	3	2
‌	Excise on locally extracted crude oil	0	0	0	1	1	1	1	1	0	0
‌	5122 Profits of fiscal monopolies	0	0	0	0	0	0	0	0	0	0
‌	5123 Customs and import duties	50	64	113	144	154	139	139	137	84	153
‌	Import duties	50	64	92	123	123	98	98	95	57	108
‌	Environmental tax	0	0	21	21	31	40	41	42	27	46
‌	Imports into EPZs	0	0	0	0	0	0	0	0	0	0
‌	5124 Taxes on exports	0	0	0	0	0	0	0	0	2	0
‌	5125 Taxes on investment goods	0	0	0	0	0	0	0	0	0	0
‌	5126 Taxes on specific services	0	0	0	0	0	0	0	0	0	0
‌	5127 Other taxes on internat. trade and transactions	8	14	21	25	24	43	47	59	34	50
‌	Goods in transit - administration charge	3	1	1	1	1	1	1	1	1	1
‌	Goods in transit - social fee	0	5	6	8	10	17	23	22	14	19
‌	Taxes on foreign currency transactions	6	8	14	16	13	25	23	35	19	29
‌	5128 Other taxes	0	0	0	0	0	0	0	0	0	0
‌	5130 Unallocable between 5110 and 5120	0	0	0	0	0	0	0	0	0	0
‌	5200 Taxes on use of goods and to perform activities	3	4	8	9	3	9	11	11	6	7
‌	5210 Recurrent taxes	3	4	8	9	3	9	11	11	6	7
‌	5211 Paid by households: motor vehicles	2	3	6	3	0	5	5	5	4	5
‌	5212 Paid by others: motor vehicles	0	0	0	0	0	0	0	0	0	0
‌	5213 Paid in respect of other goods	1	1	3	6	3	4	6	5	2	2
‌	5220 Non-recurrent taxes	0	0	0	0	0	0	0	0	0	0
‌	5300 Unallocable between 5100 and 5200	0	0	0	0	0	0	0	0	0	0
‌	6000 Other taxes	0	0	0	0	0	0	0	0	0	0
‌	6100 Paid solely by business	..	..	..	..	..	..	..	..	..	..
‌	6200 Other	..	..	..	..	..	..	..	..	..	..

..	Not available
Note: Year ending 31st March. For example, the data for 2021 represent April 2021 to March 2022. The data are on a cash basis. The tax revenue data for 2021 represent the government revised estimates for the 2021/22 fiscal year reported in the Approved Estimates of Revenue and Expenditure for Fiscal Year 2022/2023. Social security contributions are preliminary for 2021. Heading 2000: Social security contributions refer to total contributions to the Social Security Fund excluding government contributions to the National Health Insurance (NHI) fund. The government contributions are government subsidies to the social security system and hence are not considered as tax revenues according to the OECD classification described in the Interpretative Guide. Heading 4400: This heading includes all stamp duties.
Disclaimer: http://oe.cd/disclaimer
Source: Ministry of Finance of Belize; Social Security Board Belize.