Belize
Belize calculators
With the values in force in Belize, the source of each one and the date we checked it.
Official data, updated automatically
An automated process checks the official sources every day. Rule changes go live after we verify them.
- Last review of the rules
- Official sources
- 6 official documents
Pay and work
Pay and extras
- Belize minimum wage 2026The national minimum wage in Belize is $5 an hour for all categories of workers, in force since 1 January 2023. It is a single rate for all categories of workers.
- Overtime pay calculator Belize 2026Under the Labour Act, nobody has to work more than 9 hours hours of actual work in a day or 45 hours hours in a week. Work beyond those limits, at the employer's request, is paid at no less than 1.5 times the ordinary rate.
- Vacation pay calculator Belize 2026After each full year of employment, a worker in Belize is entitled to an annual holiday of at least 2 weeks working weeks, paid at average pay. If you leave before taking it, the employer pays you for it.
- Hourly to salary calculatorHow much is your salary per hour? What does an hourly offer come to per year? Enter an amount, pick the period and we show all the others.
- Pay raise calculatorYou have been offered a raise, or you are about to ask for one. Enter your pay and the raise, as a percentage or an amount, and see how much changes each month and year.
- Time card calculatorPick the start and end time for each day, your unpaid break and your hourly pay. We show total hours, overtime and your pay for the week.
Leaving a job
- Notice period and notice pay Belize 2026In Belize, a contract for an indefinite period can be ended by either side giving notice. The length depends on how long the worker has been with the same employer, from 1 week to 8 weeks.
- Severance pay calculator Belize 2026Severance pay in Belize starts after 5 years years of continuous service. From 5 years to 10 years years it is 1 week week of wages for each complete year, and above 10 years years it is 2 weeks weeks for each complete year.
- Final pay calculator Belize 2026When a job ends in Belize, the employer may owe three things on top of unpaid wages: severance pay (from 5 years years of service), pay in place of notice and pay for an annual holiday that was not taken.
Taxes
- Belize GST calculator 2026General Sales Tax (GST) in Belize is charged at a standard rate of 12.5%. The Belize Tax Service states this rate in its current documents for businesses that issue tax invoices.
- Belize Social Security contribution 2026The Social Security Board in Belize charges a total contribution of 10% on insurable earnings, shared between the employee and the employer. Insurable earnings stop at a weekly ceiling of $520.
- Employer cost of an employee in Belize 2026The main statutory cost of an employee in Belize, on top of gross pay, is the employer share of Social Security. The total contribution is 10% of insurable earnings, split between the employer and the employee.
Money and indexes
Loans, savings and investing
- Loan calculatorBefore you sign for a loan, two numbers matter: what you pay each month and what the loan costs you in interest.
- APR to APY calculatorTwo offers with the same rate can cost different amounts. The difference is how often interest is charged or paid.
- Mortgage calculatorA mortgage is the biggest debt most households ever take on. It pays to see the full numbers before you talk to a lender.
- Rent vs buy calculatorComparing the mortgage payment with the rent is not enough. Buyers pay interest, upkeep and property tax, but they end up owning the home. Renters can keep the down payment invested.
- Compound interest calculatorWith compound interest, the interest is added to your balance and starts earning interest of its own. That is why savings grow faster and faster.
- Simple interest calculatorSimple interest is always worked out on the original principal: interest is not added to the balance during the term.
- Savings goal calculatorA trip, a car, a deposit on a home or a cushion for surprises. A goal with an amount and a date is much easier to hit.
- Retirement savings calculatorA state pension often is not enough to keep your standard of living. Savings of your own, even small ones, make a big difference if you start early.
- Credit card payoff calculatorA credit card is usually the most expensive debt you have. Paying only the minimum stretches it out for years and piles on interest.
- 50/30/20 budget calculatorThe 50/30/20 rule is a simple way to plan your month. Half goes to essentials, 30% to things you enjoy and 20% to savings.
- Emergency fund calculatorAn emergency fund is money set aside for what you can't plan for: losing your job, a health problem or an urgent home repair.
- Car cost calculatorMost people know what they spend on fuel. Few add up insurance, maintenance, parking and, above all, the value the car loses every year.
Business and self-employment
- ROI calculatorA 50% gain sounds great, but it is not the same over 2 years as over 10. To compare investments you need the return per year.
- Profit margin calculatorMargin and markup get mixed up all the time, and the difference can cost you money. Both measure the same profit, but against a different base.
- Break-even calculatorThe break-even point is the level of sales where a business neither makes nor loses money. Below it you lose, above it you start to profit.
- Freelance rate calculatorThe most common freelance mistake is taking the salary you would want as an employee and dividing it by 160 hours. That leaves out taxes, expenses, vacation and every hour you can't bill.
Other calculators
- Sick leave pay calculator Belize 2026A worker in Belize who has been employed for at least 60 days days in the last twelve months can ask for paid sick leave of up to 16 days working days in any twelve months.
- Maternity leave calculator Belize 2026A female worker in Belize is entitled to 14 weeks weeks of maternity leave on full pay, as long as she worked for the same employer for at least 150 days days in the twelve months before the birth.