Business & Economy
Belize Tax Service Faces Pushback Amid Shift to Semi-Autonomous Revenue Authority
The Belize Tax Service Department (BTSD) is undergoing a major transition to become a Semi-Autonomous Revenue Authority (SARA), a change formally approved by the Cabinet in October 2022 and now underway. The reform is part of Belize’s broader tax modernization strategy, which aims to strengthen tax administration, improve service delivery, and support long-term economic development.
Business & Economy
BelRays Introduces Solar Golf Carts in San Pedro
On Saturday, August 16th, BelRays officially introduced its solar electric golf carts with a soft opening event that featured test drives. The launch was held at their office on Coconut Drive, marking a new step toward eco-friendly transportation in San Pedro.
Business & Economy
Newly Designed Banknotes with Enhanced Security Now in Circulation
On Monday, August 4th, Belize officially introduced a new series of banknotes into circulation, marking a significant update to the nation’s currency. The Central Bank of Belize announced that these redesigned notes feature enhanced security features, updated themes, and new portraits that reflect Belize’s rich cultural heritage. This initiative aims to safeguard the integrity of the Belizean dollar and bolster public confidence amid concerns about counterfeiting.
Business & Economy
Belize to Begin Shrimp Exports to Taiwan
On July 30th, the Government of Belize announced that the Republic of China (Taiwan) has officially approved shrimp exportation from Belize. The confirmation came during a visit to Taiwan by a Belizean delegation attending the Second Meeting of the Administrative Commission under the Belize–Taiwan Economic Cooperation Agreement. This milestone follows over two years of technical collaboration and regulatory engagement between the two countries.
Business & Economy
Business Establishments Warned on the Sale of Expired Goods
The sale of expired goods is not only prohibited but also poses a serious health hazard to the public. In San Pedro Town, Ambergris Caye, the office of the Public Health Inspector continues to monitor establishments suspected of keeping expired products on their shelves. Routine inspections have led to the removal and destruction of such goods, and repeat offenders risk legal action and prosecution.
Business & Economy
Belize Chamber of Commerce Boosts Tax Compliance with Awareness Campaign
On July 28th, the Belize Chamber of Commerce and Industry (BCCI), in collaboration with the Business Tax Department, hosted a pivotal business tax presentation. Held at the Sunbreeze Conference Room in San Pedro Town, the session aimed to provide clarity and guidance on tax regulations and compliance for local business owners. Attended by representatives from various sectors, the event focused on digital transitions, mandatory documentation, and the urgent need for timely tax submissions.
Business & Economy
GOB Revokes Caribi Bleu Casino License
On Friday, July 25th, the Government of Belize (GOB), through the Ministry of Investment, issued an official statement announcing the formal cancellation of the license for Caribi Bleu Casino, located in San Pedro Town. The casino, which operated under the name GMK Sky Limited, is no longer permitted to operate the gaming premises following the detention of its owner, Rima Ray, in the United States on charges of money laundering and operating an unlicensed gambling establishment.
Business & Economy
GST-Free Weekends Return to Ease Back-to-School Costs
The Government of Belize has officially declared two upcoming GST-free back-to-school weekends to ease financial pressure on families and stimulate local commerce. The tax relief periods will run from Thursday, July 31st, to Saturday, August 2nd, coinciding with the Emancipation Day weekend, and again from Friday, August 15th, to Sunday, August 17th. During these designated days, all eligible purchases will be exempt from the standard 12.5% General Sales Tax (GST) at the point of sale.
