The Briceno administration has taken a major black eye with the arrest and incarceration of young black businessman Andrew Munnings - and tonight, they're trying to play make up.
A new program has been launched to provide tax relief for Micro, Small and Medium Enterprises. It's called the "Fiscal Incentive MSME Business Tax Amnesty Program" - but we'll just call it "Making up for Munnings."
But, it does provide meaningful relief - and even Munnings can get grandfathered in. Here's how it works.
The program offers an opportunity for MSMEs to formalize their status with Belize Tax Services - and once they are registered, they will qualify for business tax exemption for a period of one year from the date of issue of an Amnesty Certificate and will not be liable for any accrued penalties or interest related to business tax obligations.
It's a good deal, and it is being offered to all businesses that fall under the definition of MSMEs which are not currently registered with the BTS. But, it goes further - those - like Munnings Funeral Services - that have registered with BTS from the year 2023 to date, "can apply for the amnesty program and receive the benefits offered by the program."
