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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Taxes

Lawmakers look to reinstate corporate tax law

Costa Rica's Legislative Committee on Financial Affairs approved a bill to reinstate the country’s corporate tax law, which was ruled unconstitutional in 2015.

Have you received a FATCA letter?

Many U.S. expatriate taxpayers are receiving “FATCA” letters from offshore banks around the world. Here's what you need to know.

Lawmakers propose increase in exit tax to fund Costa Rica’s Olympic athletes

Lawmakers of the Legislative Commission on Childhood, Adolescence and Youth in a unanimous vote on Tuesday approved the drafting of a bill to increase from $29 to $33 the country's exit tax in order to provide funds for the National Olympic Committee.

Finance Ministry launches campaign to identify tax dodgers

Messages are being sent to owners of high-value properties or those who have recently purchased luxury vehicles but submitted tax returns reporting low income, which exempts them from paying income tax.

Finance Ministry could lower Costa Rica income tax brackets

Currently some 952,000 workers in Costa Rica are exempt from the income tax but that figure likely would decrease if the Finance Ministry approves lower income brackets used to calculate taxes.

New online tax filing system in Costa Rica starts in October

The new online platform, called Virtual Tax Administration (ATV), will be available at the ministry’s website and will replace current software taxpayers are required to install on their computers.
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Costa Rica Struggles to Protect Nature Amid Budget Cuts

Costa Rica's natural heritage is in danger. The National System of Conservation Areas (SINAC) is facing its largest reduction in personnel and budget over...

Costa Rica Falls in Press Freedom Rankings Amid Rising Threats

A recent report from the Chapultepec Index of the Inter American Press Association (IAPA) reveals that freedom of expression and press freedom are increasingly...

Living with Costa Rica’s Construction Woes: An Expat’s Experience

On a recent trip to San Jose, I drove on part of the new ring road (outerbelt), a modern highway that significantly reduces the...