• Costa Rica Coffee Guide

Costa Rican business tax would help boost security

December 8, 2010

The proposal would tax “Sociedades Anónimas” (S.A.), or corporations, $200 a year if passed by the full Legislative Assembly. The bill received unanimous approval by members of the finance committee this week.

According to lawmakers, the tax would be applied to all businesses or individuals who have a registered S.A. – the tax structure required to do business in Costa Rica – with the goal of raising $102 million for public security initiatives.

The proposed tax would not affect small- and mid-sized businesses that are registered with the Economy Ministry.

Alan Soborío, a former government tax official, said S.A.’s have been used in the past to avoid paying taxes on the purchase of cars or homes, which was not the tax structure’s original intent.

According to Finance Committee President Guillermo Zúñiga, the tax would also aim to streamline the country’s bulging files of S.A.’s, giving officials the ability to throw out papers for defunct or non-operational businesses. 

“Not only will it help us clean the registry of S.A.’s … but it will also give the country greater resources to confront the serious problems of insecurity that we face,” Zúñiga said in a statement.

The bill now goes to the floor of the Legislative Assembly for debate.

You may be interested

Costa Rica coronavirus updates for Monday, May 10
Costa Rica
58 views
Costa Rica
58 views

Costa Rica coronavirus updates for Monday, May 10

The Tico Times - May 11, 2021

There are 1,280 people in Costa Rica hospitalized with Covid-19, a new record, the Health Ministry said in its Monday…

Costa Rica announces few new restrictions in face of saturated hospitals
Costa Rica
17 views
Costa Rica
17 views

Costa Rica announces few new restrictions in face of saturated hospitals

Alejandro Zúñiga - May 10, 2021

Costa Rica on Monday announced new measures to address the saturation of its public health system due to Covid-19. Commercial…

Caja asks government to impose new Covid measures
Costa Rica
15 views
Costa Rica
15 views

Caja asks government to impose new Covid measures

The Tico Times - May 10, 2021

The Board of Directors of the Costa Rican Social Security Fund (CCSS) made a “respectful and vehement call” to Costa…