Income tax on rent, worked example, in Belize

November 04, 2015

 
Non-resident couple´s rental income1      
Monthly Rental Income2 €1,500 €6,000 €12,000
Annual Rental Income 18,000 72,000 144,000
= Taxable Income 18,000 72,000 144,000
Income Tax3
Business Tax 3% 540 2,160 4,320
Annual Income Tax Due 540 2,160 4,320
Tax Due as % of Gross Income 3.00% 3.00% 3.00%

DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on November 04, 2015.

Notes


1 The property is jointly owned by husband and wife.

2 Exchange rate used: 1.00 US$ = 2.00 BZD

3 Nonresidents receiving rental income pay business tax at a rate of 3% on the gross rent.

 

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