Will Belize make me pay income tax on money I earn in Belize?
Kate Corrigan - Caye International Bank
If you have a business here in Belize, then you do have to pay local taxes and business taxes.
I run a restaurant in Belize and I have money in Belize, so I pay the taxes and social security, etc. I am salaried here in Belize, so I pay Social Security taxes. Fortunately, currently, I don’t have to pay taxes in the UK for my earnings here in Belize, whereas I do believe in the US, you have to pay income taxes, not only in the area where you are...
If you have a business here in Belize, then you do have to pay local taxes and business taxes.
I run a restaurant in Belize and I have money in Belize, so I pay the taxes and social security, etc. I am salaried here in Belize, so I pay Social Security taxes. Fortunately, currently, I don’t have to pay taxes in the UK for my earnings here in Belize, whereas I do believe in the US, you have to pay income taxes, not only in the area where you are working, but you also have to pay taxes in the US, regardless of where the money comes from, unless you qualify for the foreign earned tax benefit. I understand that there is various different ways to qualify for that, one of which is being out of the US for a certain amount of days or something like that or being proven a resident of another country.
Posted December 1, 2014
Christian Burn
You will pay taxes to Belize on money you earn in Belize. I believe the amount you can exclude is US $20,000. So you exclude the first $20,000 and pay income taxes on anything over and above that $20,000. It's a flat tax, one tax bracket rate of 25%
You will pay taxes to Belize on money you earn in Belize. I believe the amount you can exclude is US $20,000. So you exclude the first $20,000 and pay income taxes on anything over and above that $20,000. It's a flat tax, one tax bracket rate of 25%
Posted December 2, 2014
Phil Hahn - Carmelita Gardens
Yes, Belize will make you pay income tax on money you earn in Belize The rate varies by profession and resident status.
(Pictured: Phil Hahn talking about Belize at a seminar of potential clients.)
Yes, Belize will make you pay income tax on money you earn in Belize The rate varies by profession and resident status.
(Pictured: Phil Hahn talking about Belize at a seminar of potential clients.)
Posted April 1, 2016