PM Considering Tax Cuts for Newer Vehicles

Prime Minister John Briceño says the government is considering reducing taxes on newer vehicles to make them more affordable for Belizeans and to discourage the importation of salvage cars.

While outlining the need for safer, longer‑lasting vehicles on Belize’s roads, Briceño also addressed wider concerns about how cars are valued and taxed at Customs. He noted that questions have been raised about the fairness of the system, including a recent complaint from a car dealer who claimed he paid significantly more than what appeared on his official Customs receipt.

The prime minister said he was not previously aware of the allegation but stressed that any such claim must be supported by evidence and formally reported to the authorities. He acknowledged weaknesses in the vehicle import process and pointed out that the government has already tightened requirements, now demanding proof of the actual purchase price of imported vehicles.

“We need to be able to reduce the taxes on the newer vehicles that will be able to last longer in Belize,” Briceño said, noting that many neighbouring countries already ban salvage vehicles. He said Belize must take similar steps to protect consumers from hidden defects and costly repairs.

Briceño added that the government’s goal is to protect consumers, reduce subjectivity at Customs, and ensure a transparent system that collects the proper revenue. “We want to be open, fair, transparent to everyone,” he said, adding that Cabinet will need to revisit vehicle tax rates to encourage safer, longer‑lasting vehicles on Belize’s roads.