BELIZE INTERNATIONAL BUSINESS COMPANIES ACT
CHAPTER 270
PART XII
Exemption from Tax
130.-(1) Notwithstanding any provision of the Income and Business Tax Act, but subject to the provisions of this section:-(a) all income of a company incorporated under this Act;
(b) all dividends or other distributions paid by the company to persons who are not resident in Belize;
(c) all interest, rent, royalties, compensations and other amounts paid by the company to persons who are not persons resident in Belize; and
(d) capital gains realised with respect to any shares, debt obligations or other securities of a company incorporated under this Act by persons who are not persons resident in Belize,
are exempt from all provisions of the Income and Business Tax Act.
(2) Notwithstanding any provision of the Stamp Duties Act, but subject to the provisions of this section:-
(a) all instruments relating to transfers of any property to a company incorporated under this Act;
(b) all instruments relating to transactions in respect of the shares, debt obligations or other securities of a company incorporated under this Act; and
(c) all instruments relating in any way to the assets or activities of a company incorporated under this Act,
are exempt from the payment of stamp duty.
(3) For the removal of doubts, it is hereby declared that the word “instruments” occurring in subsection (2) above does not include customs warrants or other customs documents, for goods imported into Belize.
(4) The exemptions from taxes or duties contained in this section shall not apply to a company incorporated under this Act (other than a public investment company existing prior to 1st November, 1995):-(a) if such company holds shares, debt obligations or other securities in a company incorporated under the Companies Act; or
(b) if any shares, stock, debt obligations or other securities of such company are beneficially held by a person resident in Belize or by a company incorporated under the Companies Act.
