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Zambia vs Belize
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

🇿🇲 Zambia
vs
🇧🇿 Belize
Tax Year:

💰 Personal Income Tax Calculator

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Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
0–37.5%
37.5% top; copper boom funding social spending
No change
0–25%
25% top; fiscal diversification from oil
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
16%
16% stable
No change
12.5%
GST 12.5% maintained
No change

Corporate Tax Rate

Corporate Tax Rate
30%
30%; energy transition metals (cobalt, copper) driving investment
No change
1.75–19%
Business tax system; Pillar Two reform discussions
No change

Capital Gains Tax

Capital Gains Tax
15%
PTT 15% maintained
No change
0%
No CGT
No change

Social Security & Payroll

Social Security / Payroll
~10%
NAPSA; pension fund growing with copper sector wages
No change
~8%
SSB reform; social protection expanding
No change
State, Regional & Local Taxes

🇿🇲 ZambiaCouncil & Local Authority Taxes

Zambia's 10 provinces and 117 district councils levy property rates, business levies, and market fees. The Zambia Revenue Authority (ZRA) administers all national taxes. Zambia is a major copper producer — copper revenues and royalties are key fiscal inputs. The country completed an IMF-backed debt restructuring in 2023 after defaulting in 2020. Mineral royalty taxes are significant: copper 5.5% (open cast) to 8.5% (underground). The government has been diversifying the tax base away from mining dependence.

🇧🇿 BelizeMunicipal & Town Council Taxes

Belize's 6 districts and municipal/town councils levy property tax, business tax (turnover-based), and trade licences. Belize has a unique business tax system — a turnover-based tax (1.75%–19% of gross revenues by sector) instead of a traditional profit-based corporate income tax. Belize is a former British colony using English common law. It's a tourism-dependent economy with growing offshore financial services and a significant Belizean diaspora. The country has been working to exit grey lists and improve tax transparency.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Zambia vs Belize: Key Tax Differences (2026)

💰 Income Tax: 🇿🇲 Zambia has a higher top income tax rate (0–37.5% vs 0–25%). 🇧🇿 Belize is more favourable for high earners.

🛒 VAT/Sales Tax: Zambia has a higher consumption tax (16% vs 12.5%).

🏢 Corporate Tax: 🇧🇿 Belize offers a lower corporate rate (19% vs 30%), which can influence business location decisions.

📈 Capital Gains: 🇧🇿 Belize taxes investment gains at a lower rate (0% vs 15%), benefiting investors.

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