Belize Customs Import and Export Tax

Tariffs:

Belize imposes tariffs on imported and exported goods, and the tariff rate varies depending on the type and value of the goods.
Generally, the tariff rate for manufactured goods is 0-20%.
Some food and agricultural products are subject to the highest tariff in the CARICOM (CET) table.
The tariff rate is calculated as follows:
Tariff amount = Dutiable price of goods × Applicable tariff rate
Dutiable price of goods = CIF price of goods + Import surcharge

VAT:

All imported goods must pay 15% VAT.

The VAT amount is calculated as follows:
VAT = Dutiable price of goods × 15%

Consumption tax:

Belize imposes consumption tax on some specific categories of goods, such as tobacco, alcohol, gasoline, and automobiles.
The consumption tax rate varies depending on the type of goods, generally 5%-25%.
The calculation formula for consumption tax is:
consumption tax = duty-paid price of goods × applicable consumption tax rate

Standard Tax Threshold:

Belize Customs implements a Standard Tax Threshold system for imported goods, that is, when the duty-paid price of goods is lower than the Standard Tax Threshold, no customs duties and value-added tax will be levied.
In 2023, the Standard Tax Threshold for imported goods in Belize Customs is 500 BZD.