Belize vs Gibraltar

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%

15% from 1 July 2024 (previously 12.5%). Utility and energy providers and corporations abusing a dominant position: 20%.

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

CIT returns are due nine months after the date of the company's financial year end.

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

The final balance (being the actual tax liability less any payments made on account) is due by the date of filing the return (i.e. nine months after the date of the company's financial year end).

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

Companies are required to make payments on account of future liabilities by 28 February and 30 September in each calendar year.

15/NA/NA

0

15/15/0

0

12.5%

0%

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.