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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Costa Rica tax reform

Popular digital services taxed 13% VAT in Costa Rica as of October 1

Dozens of international digital platforms will be subject to a 13% value-added tax (VAT) in Costa Rica beginning October 1. 

Essential groceries, some tourist services more expensive in Costa Rica as of July 1

Nearly 200 products included in Costa Rica's canasta básica, a grouping of essential goods, are more expensive as of July 1. 

Popular digital services taxed 13% VAT in Costa Rica as of August 1

Dozens of international digital platforms will be subject to a 13% value-added tax (VAT) in Costa Rica beginning August 1. 

Official: EU removes Costa Rica, Switzerland from tax-haven list

"Albania, Costa Rica, Mauritius, Serbia and Switzerland have implemented ahead of their deadline all necessary reforms to comply with EU tax good governance principles," the bloc's 28 finance ministers said.

EU expected to remove Switzerland, Costa Rica from tax-haven list

Five countries are also expected to leave the grey list: Switzerland, Albania, Costa Rica, Mauritius, Serbia and Mauritius. 

Strikes cause partial shutdowns of public hospitals

The tax reform, which includes tax increases, was approved in December to counteract a fiscal deficit that last year reached 6% of GDP.

Authorities clear roads overnight after President Alvarado’s address

"This is a high-risk operative," Soto said. "These activities followed a repeated call to dialogue." 

Costa Rica obtains $500 million from CAF for fiscal support

Alvarado has called the unemployment rate — recently tallied at 11.3% of the economically active population — as the most serious economic problem in Costa Rica.

IMF projects economic slowdown in Costa Rica in 2018

The economy of Costa Rica will slow in 2018 and reach a growth of 2.6% on the year, concluded a report from International Monetary Fund (IMF) representatives who visited the country.

Costa Rica attempts to collect taxes from companies that have reported losses

The Minister of Finance presented at a press conference a list of 96 companies considered "large taxpayers" who stopped paying taxes in one or several years of the period analyzed after declaring zero profits or losses.

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