• Costa Rica Real Estate

Finance Ministry hopes to give names of tax delinquents to banks

October 12, 2011

The Finance Ministry announced Tuesday that it plans to provide national banks and financial institutions with a list of persons and businesses that have failed to pay taxes. The list would include the credit history for each delinquent tax payer.

“Reporting the names of the people and entities that have incomplete tax payments to the financial entities and banking institutions will provide banks with a risk profile of clients and companies when approving credit lines,” said a statement from the Finance Ministry. “This is one of the new measures that will be applied by Costa Rica’s Tax Administration to combat the lack of debt payments with the treasury.”

The statement said that names the Finance Ministry hopes to provide banks the names of delinquents beginning in November.

Since his appointment in February, Francisco Villalobos, the general director of Costa Rica’s Tax Administration, has been on a mission to reduce the rate of national tax evasion, estimated at around 60 percent by the Comptroller’s Office in 2010. Villalobos has helped develop a system for online tax payments at http://dgt.hacienda.go.cr, closed dozens of national businesses in September for improperly reporting sales taxes, and recently installed a monthly and quarterly tax payment system to ease year-end lump sum payments.

Villalobos added that the list will assist banks and financial institutions to make informed decisions about clients and businesses interested in opening credit lines.  

“We will be updating the list every year and will continue to inform the public, by all means possible, about their obligation to pay taxes,” Villalobos said.  

Facebook Comments

You may be interested

Google recognizes Independence Day with Costa Rican flag
Independence Day
1669 views
Independence Day
1669 views

Google recognizes Independence Day with Costa Rican flag

The Tico Times - September 15, 2019

The search engine giant is recognizing Costa Rica with a Google doodle honoring today's holiday. Today, in honor of Independence…

Costa Rica celebrates Independence Day
Costa Rica
9 views
Costa Rica
9 views

Costa Rica celebrates Independence Day

The Tico Times - September 15, 2019

Happy Independence Day from all of us at The Tico Times! Today, Costa Rica celebrates 198 years of independence. It's…

Watch: Keylor Navas makes big save, posts clean sheet in PSG debut
Keylor Navas
128 views
Keylor Navas
128 views

Watch: Keylor Navas makes big save, posts clean sheet in PSG debut

Alejandro Zúñiga - September 14, 2019

Keylor Navas posted a clean sheet as part of an impressive debut with PSG on Saturday. The Costa Rican goalkeeper…

Do NOT follow this link or you will be banned from the site!