About Belize: Taxes

Real Estate Tax in Belize

On the transfer of real estate, everyone in Belize pays a 5% transfer tax; non-citizens pay an additional 5%, for a total of 10%. This is usually paid by the buyer, but is negotiable. If you are a resident under the Qualified Retired Persons incentive program, the 5% on non-citizens is waived.

Property Taxes in Belize

Belize's property taxes vary but are between 1% and 1.5% of the value of the undeveloped land. In Belize, property taxes outside cities are based on land value rather than the developed value of the property, to encourage development. Property taxes on homes and other developed land even in cities are low. For example, the property tax on a four-bedroom U.S.-style home would likely be in the range of $100 to $200. There is no capital gains tax in Belize.

Income Tax in Belize

As a non-national, you will be charged income tax on income you generate in Belize. It's taxed at a rate of 25%. For residents, the first $10,000 in annual income is exempt, but, unfortunately, this exemption does not apply to non-residents. Since 2001, all foreign income is exempt from personal and business tax, as is all pension income. Qualified Retired Persons (QRPs) receive certain tax advantages.