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Finance Ministry submits tax reform bills to Legislative Assembly
Business
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Business
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Finance Ministry submits tax reform bills to Legislative Assembly

L. Arias - August 12, 2015

The Costa Rican government moved this week to reform the country's tax laws in an effort to attack the growing fiscal deficit, which has begun to raise…

US taxes are due April 15, are you ready?
Business
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Business
2311 views

US taxes are due April 15, are you ready?

The Tico Times - April 13, 2015

Wednesday is tax day for U.S. residents and citizens. But if you’re an expat living abroad and haven’t filed, there’s no need to panic — yet. U.S. taxpayers…

Government wants to hike taxes to boost income
Business
2425 views
Business
2425 views

Government wants to hike taxes to boost income

L. Arias - March 14, 2015

Finance Ministry officials this week presented a series of amendments to Costa Rica's sales and income tax laws in the hopes of increasing revenue by around ₡600,000 million ($1.1 billion). That…

Tax on Costa Rica corporations is unconstitutional, says court
Business
2747 views
Business
2747 views

Tax on Costa Rica corporations is unconstitutional, says court

L. Arias - January 29, 2015

The Constitutional Chamber of the Supreme Court, or Sala IV, on Wednesday evening ruled three articles of the country's Corporate Tax Law unconstitutional, and as a result, collection…

Taxes you need to know about when living in Costa Rica
Expat Living
10073 views
Expat Living
10073 views

Taxes you need to know about when living in Costa Rica

The Tico Times - January 23, 2015

Moving to another country like Costa Rica is always a big step, especially if you don’t have all the information together to be able to follow the…

What is Costa Rica’s luxury home tax?
Expat Living
8683 views
Expat Living
8683 views

What is Costa Rica’s luxury home tax?

The Tico Times - December 15, 2014

  Potential property owners are likely quite familiar with property taxes. However, a relatively newer tax has hit the real estate market that you should keep in…

Regulatory agency rejects increase in vehicle inspection rates
Business
1874 views
Business
1874 views

Regulatory agency rejects increase in vehicle inspection rates

L. Arias - November 26, 2014

The cost of mandatory technical vehicle inspections in Costa Rica will remain unchanged for the next 12 months, as the Public Services Regulatory Authority (ARESEP) on Tuesday…

Mandatory vehicle inspection agency seeks up to 200 percent increase in prices
Business
2070 views
Business
2070 views

Mandatory vehicle inspection agency seeks up to 200 percent increase in prices

L. Arias - November 21, 2014

The Public Services Regulatory Authority (ARESEP) announced Tuesday that RITEVE SyC, the private company responsible for certifying mandatory technical vehicle inspections, submitted rate hike requests of up to…

Solís administration proposes bill to cancel tax debts for some tourism businesses
Business
1786 views
Business
1786 views

Solís administration proposes bill to cancel tax debts for some tourism businesses

L. Arias - November 13, 2014

President Luis Guillermo Solís on Tuesday evening sent the Legislative Assembly a bill proposing the cancellation of a backlog of sales taxes, interest and fines for tourism businesses…

Finance Ministry updates income tax brackets, raises tax-exempt salary limit
Business
1581 views
Business
1581 views

Finance Ministry updates income tax brackets, raises tax-exempt salary limit

L. Arias - October 27, 2014

Employees whose gross monthly income is less than ₡793,000 ($1,455) will be exempt from paying income tax, according to the latest update for the fiscal year 2015 approved…