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Finance Ministry investigation finds 120 companies, corporations linked to Panama Papers
Corruption
3222 views
Corruption
3222 views

Finance Ministry investigation finds 120 companies, corporations linked to Panama Papers

L. Arias - March 22, 2017

Finance Ministry officials disclosed results of the first part of an investigation that found 120 Costa Rican companies and corporations linked to cases in the so-called Panama Papers.…

Tax information returns extension deadline ends next week
Business
3129 views
Business
3129 views

Tax information returns extension deadline ends next week

L. Arias - December 1, 2016

The deadline for filing informative tax returns has been extended from Nov. 30 to Dec. 5, and the Finance Ministry is advising taxpayers to do it on…

National Police increase street surveillance ahead of holiday season
Costa Rica
2183 views
Costa Rica
2183 views

National Police increase street surveillance ahead of holiday season

L. Arias - November 29, 2016

The Public Security Ministry (MSP) is sending more police officers into the streets as part of a security operation ahead of the holiday shopping frenzy. National Police Director…

Finance Ministry issues warning ahead of shopping season
Business
2827 views
Business
2827 views

Finance Ministry issues warning ahead of shopping season

L. Arias - November 9, 2016

Online shopping will enter its high season later this month, and the Finance Ministry has warned people preparing to join the sales frenzy in Costa Rica to avoid problems…

Vehicle insurance costs to go up in November
Business
2800 views
Business
2800 views

Vehicle insurance costs to go up in November

L. Arias - October 28, 2016

The National Insurance Institute (INS) will begin collecting mandatory vehicle circulation permits, or marchamos, for 2017 on Nov. 1, and motorists will likely have to pay more than…

New tax brackets for the new tax year
Business
2396 views
Business
2396 views

New tax brackets for the new tax year

L. Arias - October 4, 2016

New brackets for calculating income tax for the next twelve months were implemented on Oct. 1, following their publication in the official newspaper La Gaceta. As of Oct. 1, workers whose…

Government presents 2017 budget proposal with 12 percent hike
Costa Rica
7423 views
Costa Rica
7423 views

Government presents 2017 budget proposal with 12 percent hike

L. Arias - September 5, 2016

The government's 2017 budget proposal is 12 percent higher than the current year's budget, thanks mostly to accumulated debt, the presidency said. Vice President and Finance Minister…

Fitch maintains Costa Rica’s junk bond rating
Business
2288 views
Business
2288 views

Fitch maintains Costa Rica’s junk bond rating

The Tico Times - January 21, 2016

It’s déjà vu all over again for Costa Rica’s investment rating. Fitch Ratings announced that the company was holding steady on its junk bond rating for Costa Rica, according…

With the biggest shopping days ahead, Costa Rica still lacks good e-commerce regulations
Business
2507 views
Business
2507 views

With the biggest shopping days ahead, Costa Rica still lacks good e-commerce regulations

L. Arias - November 12, 2015

While two of the biggest shopping days – Black Friday and Christmas – are quickly approaching, Costa Rican lawmakers are working to pass legislation that improves controls and consumer protection…

Costa Rica to drop interest rates in attempt to jump-start economy
Business
1982 views
Business
1982 views

Costa Rica to drop interest rates in attempt to jump-start economy

The Tico Times - October 21, 2015

President Luis Guillermo Solís has been pummeled by opponents over his handling of the economy since he took office last year, but he tried to parry those…