In Belize, the income tax year corresponds with the calendar year.

Step 1: Prepare Documents

Prepare the following documents:

• TD4 slip(s) from your employer(s)
• Original receipts/acknowledgements (for charitable contributions)

Step 2: Download the Income Tax Form

The income tax form for individuals can be downloaded from the Income Tax Department of Belize website here(link is external).

Step 3: Complete Form

There are 3 parts to the form:

1. Part P – Personal Information
2. Part A – Income
3. Part 2 – Tax Calculation and Declaration

Part P

Fill out your personal details including:

• Full name
• Date of birth
• Mailing address (use your work address if there is no one at home to receive mail during the day)
• Employer and position

Part A

Part A of the form can be accessed via the tabs on the bottom of the spreadsheet.

Insert the information from your TD4 slip(s). Total the earnings and carry this figure to line (1) in Part 2.

Part 2

Enter your deduction entitlements (if applicable) including:

• Basic personal relief (Line 30)
• Charitable contributions (Line 31)
• Contributions to education (Line 31)
• Standard tax deduction (Line 55)
• Tax deductions at source (Line 70)

The amount of tax deducted from your income (‘tax deductions at source’) is shown in Box E of your TD4 slip. If you have more than 1 TD4 slip, total all the amounts and insert the final figure in Line 70.

See below under ‘Tax Figures in Belize’ for more details.

Step 4: Compute Tax Payable/Refundable

You are entitled to a tax refund if:

(i) The tax payable is less than the tax deducted from your income; or

(ii) Your total income is below BZD26,000 after deductions.

Tax is payable if it is more than the tax deducted from your income.

A comprehensive guide to computing tax payable can be found here(link is external), with examples.

Step 5: Submit Form

Submit your form and tax payment at your nearest Income Tax Department office which can be found here(link is external).