Belize

Belize has five tax agreements in force as reported in its response to the Peer Review questionnaire, including the multilateral agreement among the members of the CARICOM concluded with ten treaty partners (the CARICOM Agreement).1 None of those agreements comply with the minimum standard.

Belize signed the MLI in 2019. The agreements modified by the MLI will come into compliance with the minimum standard once the provisions of the MLI take effect. Belize has not listed its agreement with the United Arab Emirates under the MLI. This agreement will therefore not, at this stage, be modified by the MLI. The United Arab Emirates has listed its agreement with Belize to be modified under the MLI.

Belize is implementing the minimum standard through the inclusion of the preamble statement and the PPT.2

The United Arab Emirates has listed its agreement with Belize to be modified under the MLI, which amounts to a request to implement the minimum standard. Belize has developed a plan for the implementation of the minimum standard in its agreement with the United Arab Emirates. Belize indicated in its response to the Peer Review questionnaire that it intends to implement the minimum standard by listing this agreement to be covered under the MLI in its definitive MLI Position, to be deposited upon the deposit of Belize’s instrument of ratification of the MLI.

← 1. Agreement Among the Governments of the Member States of the Caribbean Community for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, Profits or Gains and Capital Gains and for the Encouragement of Regional Trade and Investment, St. Michael Barbados, 6 July 1994; between: Antigua and Barbuda (18 February 1998), Barbados (7 July 1995), Belize (30 November 1994), Dominica (19 June 1996), Grenada (1 March 1996), Guyana* (26 November 1997), Jamaica (16 February 1995), St. Kitts/Nevis (8 May 1997), St. Lucia (22 May 1995) St. Vincent (12 February 1998) and Trinidad & Tobago (29 November 1994). In total, Belize identified thirteen "agreements" in its List of Tax agreements: three bilateral agreements and the CARICOM Agreement concluded with ten of its treaty partners.

← 2. For its agreements listed under the MLI, Belize is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI).

← 3. Revisions to the CARICOM Agreement require an agreement from its eleven treaty partners.

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