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#345938 - 07/23/09 09:41 AM Tax on rentals more than 6 months
marvins Offline
Can anyone tell me if there is tax on long term rentals more than 6 months in Belize ?
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#345941 - 07/23/09 10:28 AM Re: Tax on rentals more than 6 months [Re: marvins]
JZB Offline
The renter does not pay any tax. The rentee should pay a business tax.

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#345942 - 07/23/09 10:32 AM Re: Tax on rentals more than 6 months [Re: JZB]
TravelinMan1 Offline
Don't forget that you need to collect and pay GST as well. The tax rate is 3% on long term rentals but there is a minimum amount which I can't remeber at this time. GST is 10%

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#345944 - 07/23/09 10:46 AM Re: Tax on rentals more than 6 months [Re: TravelinMan1]
marvins Offline
I am the renter and will be renting for more than 6 months. My landlord is telling me that I am required to pay tax on my rent for the first 6 months and then no tax. Other people have told me there is no tax to be paid by the renter if more than 6 months.
Any help to clarify this would be appreciated
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#345965 - 07/23/09 12:08 PM Re: Tax on rentals more than 6 months [Re: marvins]
Moose In Belize Offline
The landlord appears to be trying to pass any tax liability on to you. This topic has been recently discussed at:
http://ambergriscaye.com/forum/ubbthread...html#Post324248

Happy reading.
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Moose Keep an open mind and something good may fall in.

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#345978 - 07/23/09 01:16 PM Re: Tax on rentals more than 6 months [Re: Moose In Belize]
marvins Offline
So if I am understanding your replies correctly being a long term renter for more than 6 months I do not have to pay sales tax ( hotel tax )on my apartment.
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#345979 - 07/23/09 01:21 PM Re: Tax on rentals more than 6 months [Re: marvins]
deadserious Offline
It might depend on your lease agreement. If you are month to month, then it could make some sense to charge you tax on the first 6 months. If you have a 6 month or longer lease, then it does not IMO.
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#346004 - 07/23/09 03:02 PM Re: Tax on rentals more than 6 months [Re: deadserious]
Three_Palms Offline
GST is only required if rental revenue grosses more than $75,000 BZ per year. Hotel Tax is required if your lease is less than 6 months. I have never heard of a tenant having to pay the business tax of 3%, but I suppose anything is negotiable.
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#346134 - 07/24/09 09:17 AM Re: Tax on rentals more than 6 months [Re: Three_Palms]
JZB Offline
marvins, if you are signing a 6 months lease, you do not have to pay tax. deadserious is correct though, if your lease is month to month you may be liable for 9% tax.

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