Belize - Customs and duties

Customs duties are generally ad valorem. Belize uses the CARICOM common external tariff (CET), which ranges from 5% to 45%. There is also a stamp tax (normally 12%) on certain goods. Import duties on industrial products average 20% and there is a duty of 15% to 25% on luxury items. Certain products require import licenses to protect domestic industry, including sugar and citrus fruits, but these will be removed.

The 1990 Export Processing Zone (EPZ) Act and the Commercial Free Zone (CFZ) Act of 1995 foster the import-export industry with tax incentives. Belize is a CARICOM member state, has free trade agreements with Venezuela and Columbia, and was working on a free trade agreement with Mexico in 1999.