BELMOPAN, Belize, CMC – The Belize government says it is extending the Micro, Small, and Medium Enterprises (MSME) tax to the end of this year, urging businesses to take advantage of the opportunity to clear outstanding business tax penalties and interest.
In addition, they are being told to do so to qualify for up to 1 year of business tax exemption.
“This will also allow additional time to process outstanding applications from previous Roadshow stops and ensure that all eligible MSMEs receive their Tax Amnesty Certificates,” the government said in a statement.
The government said it is adopting the extension of the tax exemption in partnership with BELTRAIDE, the Investment Policy and Compliance Unit (IPCU), the Belize Tax Service (BTS), the Belize Companies & Corporate Affairs Registry (BCCAR), the Economic Development Council (EDC), and the Ministry of Local Government and City/Town Councils.
The extension was announced during a special sitting of Parliament, and the statement said that it provides “additional time” to MSMEs.
“The Government of Belize also takes this opportunity to congratulate the many MSMEs that have already benefited from the program and taken important steps toward formalization and growth,” the statement added.
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