In order to comply with the new Economic Substance requirements in Belize, all companies must have a Tax Identity Number (TIN) by 15 February 2021. Besides, if the company does relevant businesses it must file the first tax return by 21 March 2021, and report and prove its fiscal jurisdiction. The fiscal year of companies incorporated before 1 January 2020 starts on 30 April 2020, while for those incorporated from 1 January 2020 onwards the fiscal year starts on the day of incorporation.