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Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas. [citation needed] The new government faces important challenges to economic stability. Rapid action to improve tax collection has been promised, but a lack of progress in reining in spending could bring the exchange rate under pressure.
As of May 2023, the IRS had 4.2 million unprocessed returns, including 2022 returns, 2021 returns filed late and amended returns. Read: What To Do If You Owe Back Taxes to the IRS
The Ministry of Finance is a government ministry of Belize responsible for public finances. [2] Traditionally, Prime Minister of Belize has also held the portfolio of Minister of Finance. [ 3 ]
Generally, a tax return does not need to be filed if income is less than a certain amount, but other factors such as the type of income, age, and filing status also play a role. Occasionally, there may be situations where the tax return need not be filed, but is filed anyway to receive a tax refund. [4]
Visit irs.gov/refunds or use the IRS2Go mobile app to see the latest information on your tax return and refund. You can also get information on your tax year 2022 or 2021 refunds.
Using the IRS2Go app, filers can check their refund status, make a tax payment and get free tax help. You can also use the app to follow the IRS on social media platforms and sign up to receive ...
Institute of Chartered Accountants of Belize (ICAB) is a professional accountancy body in Belize. It is the sole organization in Belize with the right to award the Chartered Accountant designation. [ citation needed ] ICAB is a member of the Institute of Chartered Accountants of the Caribbean .
Belize is a country on the eastern coast of Central America bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea. Belize has a small, mostly private enterprise economy that is based primarily on export of petroleum and crude oil , agriculture, agro-based industry, and merchandising, with ...