Posted: Saturday, September 20, 2025. 8:34 am CST.
By Zoila Palma; The Government of Belize, through the Office of the Prime Minister and its Investment Policy and Compliance Unit (IPCU), has rolled out the Fiscal Incentive MSME Business Tax Amnesty Program, offering major relief and opportunities for micro, small, and medium enterprises (MSMEs).
The initiative, developed in partnership with the Belize Tax Service (BTS), BELTRAIDE, and the Economic Development Council (EDC), allows eligible MSMEs to register or, for those already registered with BTS from 2023 to the present, to apply for amnesty.
Successful applicants will benefit from a one-year exemption from business tax and full waiver of accrued penalties and interest on unpaid business tax obligations.
The program will help Belizean businesses transition to unlock access to financing, regional grants, technical assistance, and larger markets.
Given that MSMEs account for a significant share of Belize’s workforce and GDP, the government views the program as an investment in economic growth, poverty reduction, and long-term national development.
Applications are now open and must be submitted by October 29, 2025.
Businesses in sectors such as gaming, real estate, petroleum imports, and non-micro wholesale importing are not eligible under the program.
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The post Big break for small businesses: Government launches Tax Amnesty program for MSMEs appeared first on Belize News and Opinion on www.breakingbelizenews.com.
Posted: Saturday, September 20, 2025. 8:34 am CST. By Zoila Palma; The Government of Belize, through the Office of the Prime Minister and its Investment Policy
The post Big break for small businesses: Government launches Tax Amnesty program for MSMEs appeared first on Belize News and Opinion on www.breakingbelizenews.com.