By BBN Staff: The Government of Belize is preparing to roll out the next move in streamlining the administration of taxes in the country.
According to the latest Cabinet Briefing, the government has approved the unification of tax administration, which will be done through a phased approach.
This unification is aimed at restructuring the administration of revenue through consolidation and modernization.
“This will allow for all major tax revenue entries to be administered and collected by one revenue department or authority,” Cabinet said.
The briefing notes that the tax revenue centers would include tax collecting centers such as the Customs Department, Ministry of Natural Resources, and the Belize Tax Services, among others.
In August of 2019, a similar unification was done by amalgamating the departments of Business Tax, General Sales Tax, and Income Tax, into the Belize Tax Service.
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