Belize
Overview of CbC reporting requirements
First reporting fiscal year: Commencing on or after 1 January 2019
Consolidated group revenue threshold: USD 850 million
Filing deadline: 12 months following the end of the reporting fiscal year
Local filing required: Requirement suspended
The domestic legal and administrative framework
Belize’s 2021/2022 peer review recommended that Belize take steps to align its local filing implementation with that required by the Action 13 minimum standard. Belize has suspended its local filing requirement until further notice and this recommendation is removed. 1
Belize’s domestic legal and administrative framework meets all the terms of reference.
The exchange of information framework
Belize’s 2017/2018 peer review recommended that Belize take steps to implement processes or written procedures to ensure that the exchange of information is conducted in a manner consistent with the terms of reference relating to the exchange of information framework. Further information has been received showing that these processes are in place and this recommendation is now removed.
Belize meets all terms of reference with respect to the exchange of information framework.
Appropriate use of CbC reports
Belize is a non-reciprocal jurisdiction and, as such, will not receive CbC reports submitted to tax authorities in other jurisdictions, and will not apply local filing. It is not necessary for this peer review evaluation to reach any conclusion with respect to Belize’s compliance with the terms of reference on appropriate use.