Belize Tax Tables 2023 - Tax Rates and Thresholds in Belize
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This page contains the tax table information used for the calculation of tax and payroll deductions in Belize in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ BZ, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Belize or would like to add to or suggest amendments to the information herein then please contact us.
2023 Tax Tables [Quick Links]
Related Calculators
Belize Personal Income Tax Tables in 2023
The Income tax rates and personal allowances in Belize are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Belize Tax Calculator 2023.
Belize provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Belize in 2023:
Belize Standard Deduction in 2023Residence Status | Standard Deduction |
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Resident | $ 19,600.00 |
Non-resident | $ 0.00 |
Belize Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Income from $ 0.000.00 | to | $ 26,000.00 |
25% | Income from $ 26,000.01 | | and above |
Belize Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Income from $ 0.000.00 | to | $ 26,000.00 |
25% | Income from $ 26,000.01 | | and above |
Belize Social Security and Payroll Deduction Rates in 2023
In Belize, the social security system is supported by contributions from both employees and employers. These contributions fund a variety of benefits aimed at providing financial support and security to workers and their families.
Belize Social Security in 2023: Rates for Employers and EmployeesCategory | Employee | Employer | Total |
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Social Security (SS) Level 1 | 1.88% | 8.13% | 10.01% |
SS Level 2 | 1.88% | 8.13% | 10.01% |
SS Level 3 | 1.88% | 8.13% | 10.01% |
SS Level 4 | 2.46% | 7.54% | 10% |
SS Level 5 | 2.97% | 7.03% | 10% |
SS Level 6 | 3.31% | 6.69% | 10% |
SS Level 7 | 3.55% | 6.45% | 10% |
SS Level 8 | 3.73% | 6.27% | 10% |
SS Level 9 | 3.88% | 6.12% | 10% |
SS Level 10 | 4.04% | 5.96% | 10% |
SS Level 11 | 4.19% | 5.81% | 10% |
SS Level 12 | 4.35% | 5.65% | 10% |
SS Level 13 | 4.5% | 5.5% | 10% |
Belize Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Social Security (SS) Level 1 | n/a | $ 70.00 | n/a | $ 70.00 |
SS Level 2 | $ 70.00 | $ 110.00 | $ 70.00 | $ 110.00 |
SS Level 3 | $ 110.00 | $ 140.00 | $ 110.00 | $ 140.00 |
SS Level 4 | $ 140.00 | $ 180.00 | $ 140.00 | $ 180.00 |
SS Level 5 | $ 180.00 | $ 220.00 | $ 180.00 | $ 220.00 |
SS Level 6 | $ 220.00 | $ 260.00 | $ 220.00 | $ 260.00 |
SS Level 7 | $ 260.00 | $ 300.00 | $ 260.00 | $ 300.00 |
SS Level 8 | $ 300.00 | $ 340.00 | $ 300.00 | $ 340.00 |
SS Level 9 | $ 340.00 | $ 380.00 | $ 340.00 | $ 380.00 |
SS Level 10 | $ 380.00 | $ 420.00 | $ 380.00 | $ 420.00 |
SS Level 11 | $ 420.00 | $ 460.00 | $ 420.00 | $ 460.00 |
SS Level 12 | $ 460.00 | $ 500.00 | $ 460.00 | $ 500.00 |
SS Level 13 | $ 500.00 | n/a | $ 500.00 | n/a |
Historic Tax Tables supported for Belize
The following tax tables are supported by iCalculator™ BZ as part of the suite of free tax tools we provide for Belize.