No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveReform would expose tax dodgers

Reform would expose tax dodgers

Broad Front Party lawmaker José Maria Villalta presented a law reform to disclose names and debts owed to the Tax Administration.

The initiative is supported by all Legislative Assembly parties and even by the Executive Branch, in a bid to promote fiscal transparency.

The motion of the Broad Front Party introduces a reform to Article 115 of the “Code of Tax Regulations and Procedures,” related to the use of information. Under the reform, “information about the names of individuals and legal entities that have tax debts to the Tax Administration, and the amount of such debt, will be publicly accessible.”

The motion also empowers the Tax Administration to publish lists of persons or companies that have not submitted tax declarations, and those engaging in economic activity without registering as taxpayers. Currently, the law considers that information as secret and penalizes disclosure.

Next steps include a discussion of the motion among lawmakers in the Legislative Assembly.

Trending Now

Miss Mexico’s Walkout Protest Ends in Miss Universe Victory

Miss Mexico was crowned Miss Universe in Thailand on Friday, strutting to victory after several dramatic missteps before the final round, including staging a walkout...

Costa Rica Claims Second Spot in Global Travel Rankings

Costa Rica has earned second place in the Wanderlust Readers' Travel Awards for the most desirable country in the world. The ranking places the...

Brazil’s Bolsonaro Moved From House Arrest to Police Custody

Brazil's former president Jair Bolsonaro was taken from house arrest into police custody on Saturday to prevent him from escaping as he appeals a...

Costa Rica Tourism Crisis as 22,000 Jobs are Lost in Downturn

Costa Rica's tourism industry faces a sharp downturn, with roughly 22,000 jobs lost in the past year. This drop hits hard in coastal and...

U.S. Air Traffic Shutdown Ends, Easing Strain on Costa Rica Flights

The U.S. Federal Aviation Administration lifted its emergency order on flight reductions Sunday, paving the way for airlines to resume standard schedules at 6...

Former Costa Rican Presidents Defend Democratic Institutions

Eight former presidents of Costa Rica issued a joint statement on Thursday defending our country's democratic institutions, particularly the Supreme Electoral Tribunal (TSE), against...
Avatar
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