Statutory Instrument No. 48 of 2019 represents an order approving Project Management Services (Belize) Limited as a beneficiary under the Fiscal Incentives Act, Chapter 54 of the Laws of Belize.
Statutory Instrument No. 47 of 2019 represents an order approving Valle Agro Limited as a beneficiary under the Fiscal Incentives Act, Chapter 54 of the Laws of Belize.
Based on the Order’s description, Valle Agro Ltd., “shall manufacture a plant based, biodegradable, agricultural surfactant used in the Agro-Chemical and Agricultural sectors.”
The University of Belize (Amendment) Act increases the age for compulsory retirement for persons employed at the National University. Initially,
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”.
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.
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…
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.”
Following the recent decriminalization of the marijuana via the amendments to the Misuse of Drugs (Amendment) Act, 2017, the regulations, “Gazetted” on March 16th, 2019, implement a $100 fine on any person who is found in violation of the Act.
The Social Security (Registration of Employers and Employed Persons) (Amendment) Regulations, 2019 amends several sections of the principal regulation. These include changes to sections 2, 4 and 5 of the regulations. Principal among these changes is the change to Regulation 4, which has to do with the Registration of Employed persons. Specifically, Regulation 4(1) reads: “On being registered under the Act, an employer shall, within fourteen days after such registration, present to the Manager a list of all his employers.”…
Regulations made by the Comptroller of Customs on section 134(2) of the Customs Regulation Act. The amendment of regulation 2 renumbers the regulation as sub-regulation (1) and inserts new sub-regulations (2) and (3). Sub-regulation (2) states that the Customs Form C 200 or any other replacement form may be attached to the disembarkation card. Moreover, sub-regulation (3) declares that the Customs Form C 200 can be set out in English, Spanish or any other language the Comptroller may determine. Consequently, the documents available in other languages help to ensure effective communication. Lastly, Schedule I for regulation 2 is repealed and replaced with a revised customs declaration form.
