Country-by-Country Reporting (CbCR) is an important aspect of international tax compliance for multinational enterprises (MNEs). While Belize is a small jurisdiction, it has committed to aligning with international tax standards, including the OECD’s Base Erosion and Profit Shifting (BEPS) Action 13. This article provides Chief Financial Officers (CFOs) and financial executives with a detailed understanding of the CbCR requirements in Belize, including applicability, filing procedures, and penalties for non-compliance.

Applicability of CbCR in Belize

Criteria for Reporting:

As of the latest updates, Belize does not have a formal CbCR requirement identical to OECD standards. However, MNEs operating in Belize that meet the global consolidated revenue threshold of €750 million or more should remain informed about potential obligations in other jurisdictions where they operate.

Companies in Belize that are part of larger MNE groups should be aware of any CbCR requirements applicable in other countries, particularly where the ultimate parent entity is located.

Relevant Legislation:

Belize has not enacted specific legislation for CbCR; however, it participates in international agreements related to tax information exchange, which may have implications for transparency and reporting.

MNEs should consult with local legal and tax professionals for the most current guidance and updates through the Belize Income Tax Department.

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