Deposit Insurance Act, 2020

The Deposit Insurance Act, 2020, which was debated in Parliament in late 2019, assented to by the Governor General and

2 Minute

National Liquefied Petroleum Gas Project Bill (2019)

The National Liquefied Petroleum Gas Project Bill (2019) sets out the operating parameters for a public-private partnership agreement that establishes a liquefied petroleum gas (LPG) terminal that, as the Bill’s Section 4 states, “shall have the exclusive right to import wholesale LPG into Belize until the expiration of the term of the Definitive Agreement”.

3 Minute

Social Security Amends Contribution Schedule

The SSB (Collections) (Amendment) Regulations, 2019 adjusts the social security rate and the insurable income ceiling as part of the large set of efforts designed to improve the Fund’s sustainability.

3 Minute

The Tax Administration and Procedure Bill, 2019

The Tax Administration and Procedure Bill 2019 harmonizes, rationalizes, and simplifies the operation of tax administration and procedure in Belize’s tax laws. The Act applies to the taxes collected under the GST Act and the Income and Business Tax Act. The Act establishes a Belize Tax Service, which will be responsible for collection of these taxes. In addition, the Act balances the powers given to the Department with the rights of taxpayers…

1 Minute

Belize Trade and Investment Development Service (Amendment) Act, 2019: Arrangement of sections

The Belize Trade and Investment Development Service (BELTRAIDE) (Amendment) Act, 2019 amends section 9 of the BELTRAIDE Act so as to reduce the number for quorum from seven to five. Consequently, section 9(3) of the aforementioned Act now reads as follows: “A quorum for any meeting of the Board shall be five directors, one of whom shall be a representative of the public sector.”

2 Minute