Belize vs Estonia

Persons engaged in petroleum operations: income tax at 40% of the chargeable income from those operations, plus a petroleum surcharge.
Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as:

Other trading or businesses: 1.75%
Real estate income (rent, royalties, premiums, etc.): 3%
Professional / occupational income: 6%
Income from commissions, royalties, dividends, etc.: 15%
Financial institutions: 15%

Estonia does not tax retained earnings. Distributed profits are taxed at 22% (22/78 of the net distribution) since 1 January 2025.

Annual tax returns must be filed by March 31 of the subsequent tax year.

Corporate income tax is assessed and declared monthly.

Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month.

CIT on distributed profits is payable upon distribution.

Estimated tax payments follow the same monthly schedule as business tax payments.

Not applicable as tax is only due on distribution.

15/NA/NA

0/0-22/0-22

15/15/0

0/0/10

12.5%

24

No separate capital gains tax. A company pays business tax at 5% on its annual net gain from realising real estate outside Belize, assets of a permanent establishment outside Belize, or debt, equity or other instruments issued by non-residents.

Estonia does not have a separate capital gains tax; gains are taxed as regular income at the corporate rate when distributed.

18.7%

0.0%