No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rican legislators OK new bills to fight tax evasion

Costa Rican legislators OK new bills to fight tax evasion

Forty-two lawmakers unanimously voted on Monday in favor of two bills they say will help the Tax Administration fight tax evasion and punish taxpayers who have committed irregularities on their tax returns.

The first bill passed Monday is the Law for the Enforcement of Standards in Fiscal Transparency, and the second is the Law for Strengthening Tax Management.

The National Liberation Party’s top lawmaker, Fabio Molina Rojas, said most of the changes, such as doubling fines and penalties for infringements, will allow the Tax Administration to improve tax collection and maintain better control over tax revenue.

The new Strengthening Tax Management Law also provides measures for fiscal transparency by allowing the exchange of tax information between countries, as requested by the Organization for Economic Cooperation and Development.

The bills were passed in a second and final round of voting, and will now move to the desk of President Laura Chinchilla for signing.

Trending Now

FECOP Study Reveals Shifting Trends in Costa Rica’s Sport Fishing Resources

Sailfish and companion-species fishing tourism represents a major source of income for Costa Rica, particularly for communities along the Pacific and Caribbean coasts. Despite...

WestJet Expands Canadian Access to Costa Rica with Vancouver-Guanacaste Service

WestJet started its direct service from Vancouver to Costa Rica yesterday, landing with 153 passengers at Guanacaste Airport. This move broadens travel options between...

Carlos Alcaraz Edges Joao Fonseca in Miami Exhibition

Carlos Alcaraz outlasted Joao Fonseca in a thrilling exhibition match at the Miami Invitational. The world number one from Spain claimed victory with a...

Latin American Stars Shine in Australian Open 2026 Entry Lists

Tennis Australia unveiled the entry lists for the 2026 Australian Open on Monday, showcasing nearly complete top-100 fields for the season's opening Grand Slam....

Costa Rica Travelers Face Tighter U.S. Visa Social Media Scrutiny

The United States government has moved forward with plans to require certain international visitors to submit five years of their social media activity as...

Costa Rica’s Nayara Resorts Plans Eco-Friendly Beach Hotel in Manuel Antonio

Nayara Resorts, known for its high-end hotels and focus on green practices, has revealed plans for a new property in Manuel Antonio. The beach...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica