Belize Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

International Financial Services Commission, Attorney General's Ministry, UN Sanctions Committee

Primary Legislation

s Ministry often hosts them. Searching "Belize Securities Industry Act 2021" on sites like www.belizelaw.org or the Attorney General, A good reference for the 2021 Act would typically be found within the legal gaze, The Act itself can often be found on the Belize Laws website or the IFSC's own p, The Act is usually available on the FIU's website or the Belize Laws website.

Travel Rule

Not adopted

Tax Reporting

Belize does NOT have a general capital gains tax.. This means that profits derived from the sale of cryptocurrency held as a personal investment, where the activity does not constitute a "business," are generally not subject to capital gains tax in Belize.. If crypto activities are deemed a "business" (e.g., frequent trading, operating an exchange, mining as a commercial venture) and are carried out by an entity subject to local taxation, then the profits would be subject to Business Tax and potentially Income Tax. However, if such a business is structured as a Belize International Business Company (IBC), its profits are exempt from all taxes in Belize.. If an individual's primary or significant source of income is derived from crypto-related activities such as professional trading, staking rewards, mining (beyond a hobby), or providing crypto-related services, such income would likely be treated as professional income and subject to Income Tax.. Employment income paid in cryptocurrency would be taxable income, valued at its Belize Dollar equivalent at the time of receipt.

Key Facts

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