Belize HR & Payroll Quick Reference

belizecalculators.com — Snapshot: July 2026

PAYE (Income Tax)

Item	Value
Annual personal exemption	BZD $29,000
Tax rate on income above exemption	25% (flat)
Source	Income & Business Tax Act, Cap. 55

Additional deductions (mortgage interest, charitable contributions) may apply — consult a tax professional.

Social Security (SSB)

Item	Employee	Employer
Contribution rate	3.5%	6.5%
Weekly insurable ceiling	BZD $540
Combined rate	10%

Contributions are calculated on insurable earnings only (up to the weekly ceiling).

Severance Pay

Item	Value
Minimum service for eligibility	5 full years
Pre–May 1, 2011 rate	1 week per year of service
Post–Apr 30, 2011 (total < 10 yr)	1 week per year
Post–Apr 30, 2011 (total ≥ 10 yr)	2 weeks per year
Source	Belize Labour Act (as amended 2011)

Online Calculators

PAYE / Net Pay → SSB Contributions → Severance Pay → All Calculators →

Disclaimer: This document provides general reference information only and does not constitute legal, tax, or financial advice. Rates shown are snapshots as of the date above. For authoritative determinations, consult the relevant Belize government department or a qualified professional.