Brief Background: The Government of Belize is considering the acquisition of a Commercial off the Shelf (COTS) Integrated Tax Administration System (ITAS) to support the Belize Tax Services (BTS). Single tax department will be created concurrently to assume the operations of the existing Income Tax (ITAX) and General Sales Tax (GST) departments.
Department of General Sales Tax, Belize , Central America
TO ACHIEVE INTERNATIONAL RECOGNITION AS THE MOST QUALIFIED TAX ADMINISTRATION IN THE CARIBBEAN REGION BY CONTINUOUSLY SURPASSING SET TARGETS OF ACCOMPLISHMENT THROUGH INCREASED VOLUNTARY COMPLIANCE.
THE DEPARTMENT OF GENERAL SALES TAX WILL PROVIDE PROFESSIONAL AND EFFICIENT CUSTOMER SERVICES TO ESTABLISH THE HIGHEST LEVEL OF VOLUNTARY COMPLIANCE TO MAXIMIZE REVENUE COLLECTION.
Integrity: continually demonstrating high moral ethical behaviour while upholding the rule of law.
Professionalism: acting with dedication and skill and in a manner that fully abides by professional standards and rules.
Accountability: taking responsibility for actions.
Transparency: sharing of all information in an open manner with external stake holders.
Efficiency: using resources in a timely, cost effective manner maximize results in the delivery of service and information.
Responsibility: providing accurate, timely quality service— with an emphasis on a proactive versus reactive approach.
Quality Service: identifying service standards and striving to provide quality service.
Mutual Respect: treating all tax payers with courtesy and respect in all dealings, while expecting that this will be reciprocal.
General Sales Tax (GST)
General Sales Tax (GST) is a tax on the supply of most goods and services in Belize. It is generally charged at a rate of 12.5%.
What Is General Sales Tax?
General Sales Tax (GST) is a tax imposed on the value or the mark-up added to imports and other goods and services supplied by one business to another or to final customers. General Sales Tax is calculated and charged on transactions in the production and delivery chain but the consumer pays General Sales Tax only on the final selling price. However, the tax paid on inputs by a registered person is netted off the tax received on the output and only the difference is paid to Government. Where the input tax incurred by a registered person exceeds the output tax (received), the registered person may claim the difference as a credit against future tax liability.