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#213581 - 09/27/06 02:26 PM New timeshare law  
Joined: Oct 1999
Posts: 55,706
Marty Offline
Marty  Offline

A Bill has been introduced for an Act to regulate timeshare sales and accommodations activity in Belize. “Timeshare” is defined to include timeshare interests, membership vacation clubs, fractional interests, membership residential clubs, and other right-to-use time sharing plans.

The proposed Act stipulates that every developer appoint an escrow agent and that all closings be conducted through the escrow agent – meaning the deposit of funds and the execution of documents. Also, all payments of and accountings for the Act’s proposed six percent (6%) occupancy tax are to be made through the escrow agent.

#213582 - 09/28/06 12:50 PM Re: New timeshare law  
Joined: Apr 2000
Posts: 4,258
Laguna Punta Offline
Laguna Punta  Offline
Hopefully this new bill will restrict how far time share sales people can run after newly arrived tourist. Tourist find it difficult to escape while still carrying their luggage. :rolleyes:

Gone fishing!!
#213583 - 09/28/06 03:07 PM Re: New timeshare law  
Joined: Mar 2005
Posts: 1,971
They should be chained to a pole with a 2 foot chain. And must work during carnaval mad

I want to be just like Capt Jeff when I grow up!
#213584 - 09/29/06 01:09 PM Re: New timeshare law  
Joined: Apr 2000
Posts: 4,258
Laguna Punta Offline
Laguna Punta  Offline
...on a fire ant mound!!!!

Gone fishing!!
#213585 - 10/13/06 04:19 PM Re: New timeshare law  
Joined: Jun 2004
Posts: 120
Tim Jeffers Offline
Tim Jeffers  Offline
Hotel tax is 9%. Why is the government subsidising time share sales and only charging 6%?

#213586 - 10/13/06 04:21 PM Re: New timeshare law  
Joined: Jun 2004
Posts: 120
Tim Jeffers Offline
Tim Jeffers  Offline
And what about GST? If a developer sells a condo they now have to charge/pay GST. Do time share sales have to charge GST?

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