Belize has five tax agreements in force as reported in its response to the Peer Review questionnaire, including the multilateral agreement among the members of the CARICOM concluded with ten treaty partners (the CARICOM Agreement).1 Two of those agreements comply with the minimum standard.
Belize signed the MLI in 2019 and deposited its instrument of ratification on 7 April 2022, listing its non-compliant bilateral agreements. The MLI entered into force for Belize on 1 August 2022. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Belize indicated in its response to the Peer Review questionnaire that steps have been taken (other than under the MLI) to implement the minimum standard in the CARICOM Agreement.
Belize is implementing the minimum standard through the inclusion of the preamble statement and the PPT.2