No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveGovernment Raids Pepsi For Suspected Tax Evasion

Government Raids Pepsi For Suspected Tax Evasion

THE Prosecutor’s Office for the Judicial Branch on Tuesday morning raided the installations of Embotelladora Centroamerica S.A. (ECSA), the country’s producer and distributor of Pepsi brand soft drinks, for allegedly not paying ¢109 million ($260,000) in taxes, the daily Al Día reported.

The Direct Taxation Office said it issued the order to search ECSA as a result of alleged irregularities found in its payment of foreign remittance taxes over royalties paid between Oct. 1, 1999 and Sept. 30, 2002.

ECSA pays royalties to the firm Cuba Libre International of the British Virgin Islands for the production and sale of Cuba Libre brand rum-and-coke canned beverage.

During the search, police seized several documents but arrested no one.

A spokesperson for ECSA said the company would not comment on the matter.

Popular Articles

Money Laundering in Costa Rica: Key Methods and Challenges

Costa Rica’s geographic position and economic openness make it a target for money laundering, primarily driven by drug trafficking, according to the 2025 International...

Costa Rica Volcano Update: Poás Glows Red, Alerts Shift

Costa Rica’s Poás Volcano has been putting on a fiery show, with its crater glowing red from burning sulfur and molten rocks. Scientists from...

Learning Spanish in Costa Rica: Lessons Beyond the Textbook

Learning a new language later in life requires patience, perseverance, and the understanding that, no matter how fluent you become, you'll probably never reach...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest Articles