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GOB to collect $7 million GST from your electricity bills

Posted: Monday, March 20, 2017. 11:44 am CST.

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By BBN Staff: Belizeans whose electricity bills exceed $100 will now have to pay General Sales Tax (GST) on their monthly bills.

Prime Minister Dean Barrow, in his budget presentation last week, introduced a tax package aimed at collecting more revenues while curbing expenditure.

Barrow said that by lowering the tax threshold for electricity consumption from $200 to $100 will yield 0.19 percent of GDP.

With this adjustment, government expects to collect a total of $7 million in revenues in the new fiscal year from Belizeans paying GST on their electricity bills.

 

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