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Finance Ministry could lower Costa Rica income tax brackets
Business
2473 views
Business
2473 views

Finance Ministry could lower Costa Rica income tax brackets

L. Arias - September 11, 2015

A decrease in Costa Rica’s Consumer Price Index over the past year could mean more of the country's low-income workers will have to pay taxes next year, and some middle-income…

Finance Ministry submits tax reform bills to Legislative Assembly
Business
1849 views
Business
1849 views

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…

Costa Rica to reach population of 5 million by 2018
Health
4991 views
Health
4991 views

Costa Rica to reach population of 5 million by 2018

Zach Dyer - July 11, 2015

Costa Rica is poised to reach its next big population milestone in just a few years. Costa Rica will reach a population of 5 million by 2018, according…

Government wants to hike taxes to boost income
Business
1809 views
Business
1809 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…

Finance Ministry updates income tax brackets, raises tax-exempt salary limit
Business
1200 views
Business
1200 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…

Restaurant owners say 2 percent bank charge on credit, debit transactions could cause problems
Business
1495 views
Business
1495 views

Restaurant owners say 2 percent bank charge on credit, debit transactions could cause problems

L. Arias - October 9, 2014

Representatives of the Costa Rican Restaurants Chamber (CACORE) warned this week that restaurant owners could face liquidity problems from a 2 percent charge that banks will assess on all dining payments made with credit and debit…

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