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Finance Ministry submits tax reform bills to Legislative Assembly
Business
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Business
1695 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…

Social Security System wants tourism businesses to settle $6.8 million debt
Business
1697 views
Business
1697 views

Social Security System wants tourism businesses to settle $6.8 million debt

L. Arias - May 29, 2015

Costa Rica’s tourism businesses, particularly lodging and food services, owe the Social Security System, or Caja, a whopping ₡3.7 billion ($6.8 million) in unpaid obligations. Now the public health care…

Tax on Costa Rica corporations is unconstitutional, says court
Business
1908 views
Business
1908 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…

Finance Ministry updates income tax brackets, raises tax-exempt salary limit
Business
1089 views
Business
1089 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
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Business
1341 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…

Naming a new ombudsman could take weeks, Costa Rica Assembly president says
Newsletter
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Newsletter
1390 views

Naming a new ombudsman could take weeks, Costa Rica Assembly president says

L. Arias - July 8, 2014

Legislative Assembly President Henry Mora on Monday evening asked the legislative appointments commission to immediately start the process of selecting candidates for ombudsman following the resignation Monday of…

Tax Administration to fight evasion with technology, citizens’ help
Business
1164 views
Business
1164 views

Tax Administration to fight evasion with technology, citizens’ help

L. Arias - July 8, 2014

The Finance Ministry last week launched a public awareness campaign to encourage tourists and citizens to report hotels, restaurants and other businesses that fail to issue receipts…

Costa Rica’s ombudswoman resigns amid tax fraud probe
Crime
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Crime
1690 views

Costa Rica’s ombudswoman resigns amid tax fraud probe

L. Arias - July 7, 2014

Ombudswoman Ofelia Taitelbaum on Monday morning submitted a letter of resignation to the Legislative Assembly just days after lawmakers and Judicial Investigation Police announced they would open an investigation into allegations…

Business sector ask President Solís for stricter control of tax dodgers, black market sales
Business
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Business
967 views

Business sector ask President Solís for stricter control of tax dodgers, black market sales

L. Arias - May 23, 2014

Members of Costa Rica's Chamber of Commerce (CCCR) delivered President Luis Guillermo Solís a list of petitions asking him to increase actions to fight smuggling, tax evasion,…

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

L. Arias - January 31, 2013

Today (Jan. 31) is the deadline for 550,000 corporations to pay corporate taxes, and representatives of Banco de Costa Rica (BCR) estimate that some 400,000 will not…

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