WorldTax Compareโ† All Comparisons

Belize vs Paraguay
Tax Rate Comparison

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

๐Ÿ‡ง๐Ÿ‡ฟ Belize
vs
๐Ÿ‡ต๐Ÿ‡พ Paraguay
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“25%
25% top; fiscal diversification from oil
No change
8โ€“10%
10% top; competitive positioning
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12.5%
GST 12.5% maintained
No change
10%
10% IVA maintained
No change
Corporate Tax Rate
Corporate Tax Rate
1.75โ€“19%
Business tax system; Pillar Two reform discussions
No change
10%
10%; Pillar Two for large MNCs operating in Paraguay
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT
No change
8โ€“10%
8%/10% maintained
No change
Social Security & Payroll
Social Security / Payroll
~8%
SSB reform; social protection expanding
No change
~25.5%
IPS reform discussions; adequacy concerns
No change
State, Regional & Local Taxes

๐Ÿ‡ง๐Ÿ‡ฟ Belize โ€” Municipal & 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 โ€” a turnover-based tax (1.75%โ€“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.

๐Ÿ‡ต๐Ÿ‡พ Paraguay โ€” Municipal & Departmental Taxes

Paraguay's 17 departments and 254 municipalities levy the Impuesto Inmobiliario (property tax at 1% of assessed value), commercial licence fees (patente comercial), and vehicle registration fees. Asunciรณn has the highest commercial licence fees. The Subsecretarรญa de Estado de Tributaciรณn (SET) administers national taxes. Paraguay has one of Latin America's lowest tax burdens (~12% of GDP) and has used flat low rates to attract foreign residents (MADES visa) and financial activity. No wealth tax exists.

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

Belize vs Paraguay: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ง๐Ÿ‡ฟ Belize has a higher top income tax rate (0โ€“25% vs 8โ€“10%). ๐Ÿ‡ต๐Ÿ‡พ Paraguay is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Belize has a higher consumption tax (12.5% vs 10%).

๐Ÿข Corporate Tax: ๐Ÿ‡ต๐Ÿ‡พ Paraguay offers a lower corporate rate (10% vs 19%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ง๐Ÿ‡ฟ Belize taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

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