GST-Free Weekends in December
Members are reminded to stay informed about the Government of Belize’s announcement of two GST-free weekends on December 14–15 and
Members are reminded to stay informed about the Government of Belize’s announcement of two GST-free weekends on December 14–15 and
This guide provides general information only and should not be taken as legal advice. Businesses should consult the full Trade
Budgeting and proper internal controls are important for any organization; for the government, this is even more so. Proper internal
At the December 2023 voting, the Draft Standard failed to garner the 75% of votes in favor for the standard to be adopted, making it the second time the Standard failed to meet the requirement for adoption.
Disruptions at the Port of Belize might appear normal, given their frequency over the last 5 years. In early March,
The High Court of Belize in February handed down a judgment in the case Belize Sugar Industries Ltd v The Attorney General of Belize & others which dealt with an application by BSI challenging the constitutionality of the Sugar Industry (Import/Export) Regulations, 2023. In the judgment handed down by Justice Goonetilleke, it was determined that several provisions in the regulations violated constitutional protections and were declared null and void. Of the provisions determined as unconstitutional, Regulation 5(1) was found to have violated the right to privacy protected by section 14 of the Constitution of Belize. The High Court explained that the right to privacy applies to natural and legal persons and that the Government of Belize, by requiring the disclosure of private business details, violated that right. Of course, Justice Goonetilleke’s judgment is open for the higher courts to affirm or overturn but for now the judgment serves as a message to policy/lawmakers that businesses possess constitutional protections that must be considered when making laws that affect them. Furthermore, where laws violate those rights, the Court will strike them down.
What is FDI? Foreign Direct Investment (FDI) occurs when an investor in one economy establishes a lasting interest in another
It’s a common talking point that access to finance is a barrier to growth for MSMEs. This is true anecdotally
While last week’s article discussed the role that brown sludge has in disincentivizing green behavior, this article expands on the
We all understand the significance of reducing our carbon footprint and opting for eco-friendly choices, but why is it so