- Belize Tax Service issued Public Ruling No. 04/2023
- Ruling clarifies GST treatment of supplies made to former international business companies (IBCs)
- Clarifies application of Economic Substance Act (ESA) to commercial entities
- Clarifies application of zero-rated GST to supplies made to nonresident companies registered in Belize
- Clarifies requirements for establishing tax residency outside of Belize through ESA
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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