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Tax dodging

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

The Finance Ministry investigation has fully identified a total of 69 local companies and corporations with links to cases listed in the Panama Papers. The remaining 51 are still under investigation.

Airbnb agrees to collect sales tax from hosts in Costa Rica

Airbnb representatives said Costa Rica would be the first Latin American country to approve legislation to regulate sharing economy businesses.

Finance Ministry launches campaign to identify tax dodgers

Messages are being sent to owners of high-value properties or those who have recently purchased luxury vehicles but submitted tax returns reporting low income, which exempts them from paying income tax.

Finance Ministry could lower Costa Rica income tax brackets

Currently some 952,000 workers in Costa Rica are exempt from the income tax but that figure likely would decrease if the Finance Ministry approves lower income brackets used to calculate taxes.

Finance Ministry submits tax reform bills to Legislative Assembly

Business leaders and opposition party lawmakers have already voiced their opposition to the government's proposed tax reform bills.

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

Costa Rica's public health care agency hopes to recover some of that debt by signing an agreement with the National Tourism Chamber (CANATUR) to promote payment plans among its associates.

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.

Finance Ministry updates income tax brackets, raises tax-exempt salary limit

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 by the Finance Ministry last week.

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.

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

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 Ofelia Taitelbaum.

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