Income Tax was enacted in Belize in 1924 and remained in that basic form up to July 1998, when Business Tax was introduced. The Legislation is now called “The Income And Business Tax Act”, with an effective date of January 1999 in its current form. The Act is divided into three parts with Income Tax under Part 1, Income Tax on Profits arising from Petroleum under Part 11 and Business Tax under Part 111.
To be a progressive organization in the delivery of service for effective governing of Belize.
To fairly assess and collect taxes on a timely basis in the most efficient and cost effective manner, to promote voluntary compliance through taxpayer education and to provide technical support to the Ministry of Finance.