Belize
7.4/10
32nd of 217
Belize or Isle of Man: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Level pegging: Belize and Isle of Man weigh about the same on the taxpayer.
Isle of Man
7.3/10
33rd of 217
| Tax | Belize | Isle of Man | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 1.75% | 0% | +1.8 points |
| Personal income tax top bracket | 0% to 25% | 10% to 20% | +5.0 points |
| VAT standard rate | 12.5% | 20% | −7.5 points |
Detailed schedules
Corporate income tax
Belize
| Trade and various activities base: gross receipts, not profit | 1.75% |
| Rents and real estate royalties base: gross receipts | 3% |
| Liberal professions base: gross receipts | 6% |
| Corporate income tax, for comparison | 25% |
Isle of Man
| Standard companies | 0% |
| Deposit bank and retail banking over £500,000 profit | 10% |
| Real estate income located on the island | 20% |
- Belize : www.belize.org
- Isle of Man : www.gov.im