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Cordel Hyde: Tens of millions of dollars still owed in land taxes

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Posted: Friday, June 17, 2022. 4:21 pm CST.

By BBN Staff: Cordel Hyde, the Minister of Natural Resources told the media this week that his ministry is trying to collect the tens of millions of dollars that are owed in land taxes to the government.

Minister Hyde said that it is a tremendous load of work for his ministry so the government has made a decision to put all tax collecting powers in the Belize Tax Services Department.

The Minister added that there is ongoing training with his Ministry and the Belize Tax Services Department and that the director-general of the Belize Tax Unit now has the power to take people and companies to court who owe taxes to the Ministry of Natural Resources.

“Owning a piece of land is the ultimate gift you can get in a country because this is a finite resource. Not everybody is going to get a piece. At least, so far not everybody has gotten a piece so the people who have gotten have a responsibility to pay their [land] taxes and when you don’t pay, they are violating the law,” Minister Hyde stated.

In 2021, the Government of Belize announced the formation of the tax recovery unit to tackle and recover outstanding taxes owed to the government.

 

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