No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveExit Tax for Residents Set to Decrease

Exit Tax for Residents Set to Decrease

THE exit tax Costa Rican nationals and residents are required to pay to fly out of Juan Santamaría International Airport will be reduced by 40% on Sunday, from $43 to $26, the Finance Ministry announced.

The measure has been scheduled since last April, when airport authorities eliminated the timbre (tax stamp) system and agreed to establish a single airport fee for all travelers.

As part of the reform, the exit tax for foreign tourists and other travelers increased from $17 to $26 last year, and officials agreed to lower the rate Ticos and residents pay on April 25 of this year.

The drop in the exit tax for Ticos is not expected to have a significant effect on the government s tax revenues because the exit tax is responsible for only 0.9% of total revenues. Revenues from Costa Ricans and legal residents leaving the country make up only 0.3% of total revenues, according to the Finance Ministry.

Of the $26 each traveler pays to leave the country, $12.15 are transferred to the Central Government and $12.85 are transferred to the Technical Council of Civil Aviation (CTAC).

The remaining $1 is used to fund projects to expand and modernize the Liberia, Limón and Pavas airports and 28 rural airstrips, according to the daily La Nación.

Trending Now

Costa Rica and Panama Seek Gold Cup Glory Against North American Giants

With no Caribbean teams advancing, a Central American contingent made up of Panama, Costa Rica, Honduras, and Guatemala heads into the quarterfinals of the...

Costa Rica Surf Film Festival Honors ‘Pura Vida Bodysurfing’ with Top Audience Award

Pura Vida Bodysurfing is an award-winning short film that strips surfing back to its essence—riding waves without a surfboard. Filmed across Costa Rica’s legendary...

El Salvador Slams Paris Fashion Show Inspired by Cecot Mega-Prison Inmates

The president of El Salvador, Nayib Bukele, joked on Saturday that he could send inmates from his mega-prison to France, after they were represented...

Guatemala Offers Asylum to Nicaraguan Migrants Deported by U.S.

Guatemalan President Bernardo Arévalo announced on Friday that his country will grant asylum to Nicaraguan migrants deported by the United States who do not...

2025 Gold Cup: Honduras Advances After Dramatic Shootout, Mexico Ends Goal Drought

Honduras, with a surprising and dramatic penalty shootout victory over Panama, and Mexico, with a lackluster win against Saudi Arabia, advanced Saturday to the...

Chiquita Brands Leaves Panama Amid Protests, Talks Underway to Resume

Laid-off workers from the U.S.-based banana company Chiquita Brands said on Monday that they are hoping for the company’s return to Panama, after it...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica