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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
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Belize: Dividends

The Belize tax deducted from a dividend paid by a Belize company is a tax on the company. Credit for such tax is not due to portfolio shareholders (see INTM164010).

Where the recipient of a dividend is a United Kingdom company controlling, directly or indirectly, at least 10 per cent of the voting power in the Belize company paying the dividend (Paragraph 13(1)(b)), credit is allowable for underlying tax only in respect of the amount of tax actually paid by the Belize company on the particular profits out of which the dividend is paid (see Statement of Practice SP12/93 and INTM164070).