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.

Popular Articles

VIDEO: Poás Volcano Erupts with 3.5 km Ash Plume, OVSICORI Reports

This morning at approximately 5:15 a.m., Poás Volcano erupted yet again, producing a significant ash plume that soared 3.5 kilometers above the crater, according...

Poás Volcano Eruptions Deliver Economic Blow to Costa Rican Tourism

The recent eruptions of Poás Volcano in Costa Rica have significantly disrupted tourism in nearby communities, including Poás, Poasito, Fraijanes, Vara Blanca, and Los...

5,000-Year-Old Woman’s Remains Discovered in Peru’s Ancient Caral Civilization

Archaeologists announced Thursday the discovery of the remains of a woman who lived approximately 5,000 years ago and is believed to have belonged to...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait

Latest Articles