Belize publishes GST guidance on reporting debit and credit notes on Lines 150 and 260
- Jurisdiction
- Belize
- Tax
- GST
- Change type
- Invoice rules
- Status
- In force
- Impact
- Plan ahead
- Announced
- 4 September 2026
- Authority
- Belize Tax Service
- Systems
- Invoicing, Reporting, ERP
- Verified
- Fetched from official source · high confidence
GST-registered businesses in Belize that issue or receive debit or credit notes.
Map credit-note and debit-note GST adjustments to GST Return Lines 260 and 150 for supplier and customer roles.
InvoicingReportingERP
The Belize Tax Service published on 4 September 2026 'GST Guidance: Debit Notes and Credit Notes', explaining that debit and credit notes adjust the GST on an original invoice and are reported on Line 150 or Line 260 of the GST Return (GST amount only, no negative values). A supplier reports a credit note on Line 260 and a debit note on Line 150; the customer reports the reverse.
What changed in detail
The Belize Tax Service published “GST Guidance: Debit Notes and Credit Notes” on 4 September 2026. It explains that debit and credit notes adjust the GST on an original invoice and are reported on Line 150 or Line 260 of the GST Return. Only the GST amount is reported, and no negative values are entered.
A supplier reports a credit note on Line 260 and a debit note on Line 150. The customer reports the reverse.
What it means
The common error is entering a credit note as a negative figure on the sales line. The guidance instead directs positive GST amounts to a dedicated line, with the line depending on whether you are the supplier or the customer and on whether the note is a credit or a debit. Suppliers and customers use opposite lines for the same document, so check which side of the transaction you are on.
Proof
Debit and credit notes are used to adjust the value of sales after a tax invoice has been issued.
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