No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveTax Administration closes 18 businesses

Tax Administration closes 18 businesses

After closing 18 businesses across the country in the last few days, Costa Rica’s Tax Administration said more closures might be coming.

The list of 18 companies closed last week includes grocery stores, factories, restaurants, bars and a bonded warehouse.

According to a recent report from the Tax Administration, delinquent taxpayers owed ​​more than ₡15 billion ($30 million), but not all of them can be closed.

Tax Administration General Director Carlos Vargas said they would close a business’ branch or office if the company fails to issue receipts. If they fail to pay taxes, officials would close all of a company’s branches.

According to Vargas, the goal “is to improve taxpayer compliance.” The closures are “the latest step in a monitoring process that takes no less than five days,” he added.

Trending Now

Costa Rica Central Bank Urged to Cut Rates and Act on Exchange Rate Collapse

Economists called on the Central Bank of Costa Rica to adopt measures that reverse the sharp drop in the dollar exchange rate. The local...

Cuba Baseball Team Lands in Nicaragua for Prep Series Amid Visa Shift

The Cuban national baseball team has arrived in Nicaragua for a four-game exhibition series starting tomorrow, overcoming recent visa requirements and flight disruptions to...

Costa Rica Faces New Tariff Challenges as Trump Enacts 10% Levy on Imports

President Donald Trump declared a new 10% tariff on all U.S. imports today, just hours after the U.S. Supreme Court invalidated his prior tariff...

Costa Rica’s Dollar Exchange Rate Hits 17-Year Low

The dollar's exchange rate against the colon dropped further today in Costa Rica's foreign currency market, known as Monex. Data from the Central Bank...

Restoration of Costa Rica’s Teatro Nacional Paused Amid Claims of Irreparable Harm

Work on restoring the Teatro Nacional, Costa Rica's premier cultural landmark, came to a sudden stop this week after the Sala Constitucional issued a...

Venezuela parliament unanimously approves amnesty law

Venezuela's National Assembly on Thursday unanimously approved a long-awaited amnesty law that could free hundreds of political prisoners jailed for being government detractors.  But...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica