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Tax Implications / Advantages

International Business Companies receive exemption from income, capital gains, dividends or other distributions, interest, rent, royalties and other compensation paid to non-residents under the International Business Companies Act No. 9 of 1990 as amended. The original exemption on estate, inheritance or gift taxes levied upon non-residents of Belize with regard to shares, bonds and other securities of a company incorporated under the Act has been removed as the estate duty act was repealed abolishing estate duty on assets of persons who died after 1st April, 1991. Stamp duty does not have to pay on transfer of land, shares, and bonds, as well as instruments relating in any way to an international business company’s assets and activities.

IBC that does not qualify for income tax exemption status are subject to the normal income and business tax varying rates up to 25%.