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Belize vs Iraq: tax rates compared
Belize's income tax rate is 10pp higher than Iraq's (25% vs 15%). The 200-country average is 28%: both sit below it. Belize's figure is dated 2025-01-01 and Iraq's 2026-06-24, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BZ | IQ | Difference |
|---|---|---|---|
| Income Tax | 25% | 15% | BZ +10 pp |
| Corporate Tax | 0% | 15% | IQ +15 pplargest gap |
| VAT | 12.5% | 0% | BZ +12.5 pp |
| Capital Gains Tax | 0% | 0% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 25% | Source: Belize Income and Business Tax (Amendment) Act, 2024 (No. 40 of 2024) · as of 2025-01-01 |
| Iraq | 15% | Source: PWC Worldwide Tax Summaries — Iraq (Individual, Taxes on personal income) · as of 2026-06-24 |
| Difference | +10 pp | Belize higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Iraq | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | Iraq higher |
Iraq's corporate tax rate is 15pp higher than Belize's (15% vs 0%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belize | 12.5% | Source: Belize Tax Service — General Sales Tax Act (Chapter 63, Revised Edition 2011) · as of 2011-12-31 |
| Iraq | 0% | Source: PWC Worldwide Tax Summaries — Iraq (Corporate, Other taxes) · as of 2026-06-24 |
| Difference | +12.5 pp | Belize higher |
Belize's VAT rate is 12.5pp higher than Iraq's (12.5% vs 0%). The 181-country average is 15%: both sit below it. Belize's figure is dated 2011-12-31 and Iraq's 2026-06-24, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act (Chapter 55, Revised Edition 2020) · as of 2020-12-31 |
| Iraq | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Iraq · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Belize's capital gains tax rate is identical to Iraq's — both sit at 0%. The 175-country average is 10.3%: both sit below it. Belize's figure is dated 2020-12-31 and Iraq's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act, Chapter 55 (Government of Belize, Attorney General's Ministry) · as of 2026-07-18 |
| Iraq | 0% | Source: PWC Worldwide Tax Summaries — Iraq (Individual, Other taxes) · as of 2026-06-24 |
| Difference | 0 pp | displayed rates match |
Belize's wealth tax rate is identical to Iraq's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.