All IBCs must report to the competent authority within nine months of the end of a fiscal year.
The first fiscal year reporting period for entities incorporated before January 1, 2020 shall commence on April 30, 2020.
Do note that your Belize company could elect an earlier commencement date of reporting period (but not before October 11, 2019) as long as you notify the IFSC.
The first fiscal year of an entity incorporated on or after January 1, 2020 shall commence on the date of incorporation and shall terminate on the expiry of one year from that date.
Your Belize company could elect an earlier termination of the first fiscal year should you give notice to the IFSC for that intention.
Do note that your entity must provide IFSC with notice to request earlier date within 3 months of date of incorporation.
Your Belize company will have to provide the Authority with a letter or certificate:
(a) From or issued by the tax authority of its jurisdiction of residence, stating that the commercial entity is considered to be resident for tax purposes in that jurisdiction;
(b) Showing a clear and specific period of validity; and
(c) Showing an assessment of tax on the entity, a confirmation of self-assessment of tax, a tax demand, evidence of payment of tax, or any other equivalent document issued by the tax authority for the jurisdiction in question.
The Authority will exchange all information received from an entity claiming foreign tax residence with the relevant jurisdiction(s) in accordance with the OECD convention on Mutual Administrative Assistance in Tax Matters.
Click the link below to download your reporting form.
Form D >>
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