Belize
7.4/10
32nd of 217
Belize or Saudi Arabia: which taxes less?
Both tax systems side by side, headline rates and the gap between them.
Level pegging: Belize and Saudi Arabia weigh about the same on the taxpayer.
Saudi Arabia
7.4/10
29th of 217
| Tax | Belize | Saudi Arabia | Gap |
|---|---|---|---|
| Corporate income tax headline rate | 1.75% | 20% | −18.3 points |
| Personal income tax top bracket | 0% to 25% | 0% | +25.0 points |
| VAT standard rate | 12.5% | 15% | −2.5 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% |
Saudi Arabia
| Share of profit for foreign partners | 20% |
| Share for Saudi or Gulf partners zakat, based on equity | 2.5% |
| Oil and gas up to 85% depending on concession | n/a |
- Belize : www.belize.org
- Saudi Arabia : vision2030.ai