By Zoila Palma: The Belize Tax Service has provided guidelines for businesses as it relates to the Tax free days on December 6 and 7, 2025 and December 20 and 21, 2025.
The Belize Tax Service noted that GST Registrants utilizing a POS system or programable cash register will not have to re-program their systems as the zero-rate can be applied using a discount of 12.5% on the goods purchased.
“The GST Registrants who utilize cash registers that add the GST to the sale will simply not add GST on sales on the specified dates.
A reminder that prices displayed, marked or quoted are the GST inclusive prices,” the Belize Tax Service noted.
The BTS listed the below example:
This shows how to calculate the price before GST when starting with a GST inclusive price:
Selling price of TV = $1,000.00
GST at 12.5% = $125.00
Total selling price on shelf = $1,125.00
Price consumer will pay $1,125.00/1.125 = $1,000.00.
The post Using a POS system? Belize Tax Service explains tax free days! appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: The Belize Tax Service has provided guidelines for businesses as it relates to the Tax free days on December 6 and 7, 2025 and December 20 and 21, 2025. The Belize Tax Service noted that GST Registrants utilizing a POS system or programable cash register will not have to re-program their systems
The post Using a POS system? Belize Tax Service explains tax free days! appeared first on Belize News and Opinion on www.breakingbelizenews.com.