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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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tax collection

Tax on Costa Rica corporations is unconstitutional, says court

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 will be suspended starting next year. The tax must be paid this year, however, by this Saturday's deadline.

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

Representatives of the Costa Rican Restaurants Chamber warned this week that restaurant owners could face liquidity problems due to a 2 percent charge that banks will assess on all dining payments made with credit and debit cards.

Only 35 percent of Costa Rican corporations will pay taxes on time

Those failing to pay corporate taxes will be blocked from doing business starting Feb 1.

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