BZ · AmericasZM · Africa
Belize vs Zambia: tax rates compared
Zambia's income tax rate is 12pp higher than Belize's (37% vs 25%). The 200-country average is 28%: Belize sits below it, Zambia sits above it. Belize's figure is dated 2025-01-01 and Zambia's 2026-01-01, 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 | ZM | Difference |
|---|---|---|---|
| Income Tax | 25% | 37% | ZM +12 pp |
| Corporate Tax | 0% | 30% | ZM +30 pplargest gap |
| VAT | 12.5% | 16% | ZM +3.5 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 |
| Zambia | 37% | Source: PWC Worldwide Tax Summaries — Zambia (Individual, Taxes on personal income) · as of 2026-01-01 |
| Difference | −12 pp | Zambia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Zambia | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −30 pp | Zambia higher |
Zambia's corporate tax rate is 30pp higher than Belize's (30% vs 0%). The 201-country average is 22.6%: Belize sits below it, Zambia sits above 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 |
| Zambia | 16% | Source: PWC Worldwide Tax Summaries — Zambia (Corporate, Other taxes) · as of 2026-03-20 |
| Difference | −3.5 pp | Zambia higher |
Zambia's VAT rate is 3.5pp higher than Belize's (16% vs 12.5%). The 181-country average is 15%: Belize sits below it, Zambia sits above it. Belize's figure is dated 2011-12-31 and Zambia's 2026-03-20, 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 |
| Zambia | 0% | Source: PWC Worldwide Tax Summaries — Zambia (Individual, Income determination) · as of 2026-03-20 |
| Difference | 0 pp | displayed rates match |
Belize's capital gains tax rate is identical to Zambia'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 Zambia's 2026-03-20, 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 |
| Zambia | 0% | Source: PWC Worldwide Tax Summaries — Zambia (Individual, Other taxes) · as of 2026-03-20 |
| Difference | 0 pp | displayed rates match |
Belize's wealth tax rate is identical to Zambia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.