• Costa Rica Coffee Guide

Roller-Coaster Year For Fiscal Reform

December 22, 2006

After five years of discussion, the controversial tax plan pushed by then-President Abel Pacheco (2002-2006) flopped in March after the Constitutional Chamber of the Supreme Court (Sala IV) ruled that the legislation was approved unconstitutionally.

New President Oscar Arias, who took power in May, tried to breathe new life into the legislation that lay dead for months and began sending parts of its nine-part tax plan to the legislative assembly in August.

By year’s end, three parts of the tax plan had arrived in the Legislative Assembly: a $200 tax on licensed businesses, a valueadded tax, and a tax on “luxury homes” meant to help eradicate shantytowns.

Other projects that remained to be sent to the assembly included an income tax; reform that would eliminate tax collection loopholes; a controversial 0.5% tax on financial transactions; a tax on so-called “free zones;” a reform that would redefine taxpayer rights and responsibilities; and a project to make more transparent how tax money is spent.

 

You may be interested

Kamala Harris to visit Mexico, Guatemala to discuss migrants
Latin America
2 views
Latin America
2 views

Kamala Harris to visit Mexico, Guatemala to discuss migrants

AFP - April 14, 2021

US Vice President Kamala Harris said Wednesday she will visit Mexico and Guatemala as part of her mission to address…

Spanish TV show to feature Costa Rica travel
Costa Rica
12 views
Costa Rica
12 views

Spanish TV show to feature Costa Rica travel

The Tico Times - April 14, 2021

The Spanish television program "Planeta Calleja" will feature Costa Rica in its upcoming season, the Tourism Board (ICT) says. Jesús…

Costa Rica has received more than 1 million vaccine doses
Costa Rica
16581 views
Costa Rica
16581 views

Costa Rica has received more than 1 million vaccine doses

The Tico Times - April 14, 2021

Costa Rica received 113,490 more coronavirus vaccine doses on Tuesday night for a total of 1,022,685 doses, the Presidency reported. The…