Its not just that which is crazy, if you have someone send you something personal or old of high value but low cost to you now, the Import tax is still enormous. You insure the item to make sure you are protected and get stung a whopping great big tax bill for something that really shouldn't have it. It makes people not want to branch out into the world to do business. So many things are not manufactured here so just getting parts for repair is a nightmare speaking from personal experience.
I can understand Belize wanting to make income by Import Tax, however like it was already said it is counter productive as citizens who wish to expand their business and offer more services in Belize by importing products from abroad are not encouraged or subsidized to do this. If Belize's economy is going to continue to grow in a way that benefits EVERYONE, then those at the top of the chain need to be looking to benefit the businesses reaching out to accomplish this.
Just my ten cents worth