United Kingdom vs Belize

1. Companies with profits exceeding £250,000 are subject to a main rate of 25% (effective from 1 April 2023).
2. Companies with profits not exceeding £50,000 are subject to a small profits rate of 19% (effective from 1 April 2023).
3. A tapered tax rate applies to profits falling between £50,000 and £250,000.

Companies in the oil industry: Subject to 25% income tax.
Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as:

Other trading or businesses: 1.75%
Real estate income (rent, royalties, premiums, etc.): 3%
Professional / occupational income: 6%
Income from commissions, royalties, dividends, etc.: 15%
Financial institutions: 15%

Tax returns need to be submitted within one year after the end of the accounting period.

Annual tax returns must be filed by March 31 of the subsequent tax year.

According to the scale of the payment company, there may be differences. For more information, please refer to the UK company summary.

Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month.

According to the scale of the payment company, there may be differences. For more information, please refer to the UK company summary.

Estimated tax payments follow the same monthly schedule as business tax payments.

0/20/20

15/NA/NA

0/20/20

15/15/0

20

12.5%

Capital gains are subject to the regular corporate tax rate.

N/A

22.55

25%

11.51

25%