Consultations Held on Amendments to Fiscal Incentives Act

The Ministry of Investment met with forty-six fiscal incentive companies, business representatives and owners of operating and start-up businesses engaged in agriculture, manufacturing and tourism, on Friday. The engagement took place during a Fiscal Incentive Legislative Amendment Consultation at the Belize Institute of Management conference room in Belize City. According to a release from the Government of Belize, the revised act will support the continued growth of M.S.M.Es and the implementation of projects that will enhance Belize’s economic growth. The revised act is also expected to streamline the application process for incentives. During the consultation, beneficiaries were advised on the proposed amendments to the act.