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Costa Rica
Sunday, May 22, 2022

Costa Rica to stop minting ₡5 coin

The Central Bank of Costa Rica (BCCR) announced Thursday that it will stop minting five-colón coins (₡5) at the end of this year. 

Dollar exchange rate maintains slight upward trend this year

An increase in transactions from businesses that exchange dollar investments into colones to pay taxes drove fluctuations in dollar prices in the past four months.

Banks in Costa Rica to change account numbering format

The change will not involve major adjustments for bank customers, except for the IBAN codes printed on checkbooks, deposit forms and other documents.

Tax information returns extension deadline ends next week

Those who fail to submit informative returns before the extended deadline are exposed to fines ranging from 10 to 100 base salaries, equivalent to ₡4.2-₡42 million ($7,475-74,750).

What’s new this year in US expat taxes

While it’s nearly impossible to master the U.S. tax code, you don’t need to be a guru on the subject to demonstrate to your...
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