The Belize High Commission is pleased to announce that the Government of Belize and the Swiss Federal Council signed a Tax Information Exchange Agreement (TIEA) on Monday, August 10th, 2015 at the Embassy of Switzerland in London. The Agreement was signed by H.E. Ms. Perla Perdomo, High Commissioner of Belize to the United Kingdom and Mr. Frank Gruetter, Deputy Head of Mission at the Embassy of Switzerland in London.
The Agreement will allow for the exchange of information that is relevant to the determination, assessment and collection of such taxes, the recovery and enforcement of tax claims or the investigation or prosecution of tax matters. The taxes for Belize covered by this Agreement include: (i) the income tax, including surtax or surcharge; ii) the business tax; and iii) the general sales tax. The Agreement will enter into force upon the completion of the ratification procedures required by Belize and Swiss law respectively.
The Government of Belize, which has previously signed TIEAs with other countries including fellow Commonwealth nations such as the United Kingdom and Australia, remains committed to bringing the country’s economic practices into conformity with international standards and to helping improve global governance.