A Little-Known Tax Benefit of Belize

A Little-Known Tax Benefit of Belize

Furniture to fill their new home…shop and car repair tools…TVs…scuba diving gear…a brand-new computer…decorative tiles…and “too many clothes” for the warm, tropical climate and their relaxed lifestyle.

When Barry Munson, 60, and Dena Carey, 58, joined Belize‘s Qualified Retired Persons program five years ago, they brought a shipping container full of household goods and possessions.

And it was all tax-free. It’s one of the major features of the QRP. You can also bring in a car less than three years old, a boat, or a light aircraft without paying the high import duty—a savings of thousands of dollars for most who take advantage of the perk.

The retired couple is thankful they were able to bring in so much without paying taxes.

“It was a considerable savings,” says Barry.

Barry, an avid scuba diver and world traveler, first came to Belize 12 years ago. After traveling to the country often and exploring it from border to border, he found the sandy beach they now live on 10 years ago. They eventually settled there about five years later.

Read more: http://internationalliving.com/2015/05/a-little-known-tax-benefit-of-belize/

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