Taxes

A spike of almost 30 percent in the number of traffic accidents recorded in Costa Rica during first eight months of this year prompted an increase in the price of the mandatory automobile insurance for 2017.

As of Oct. 1 workers whose gross monthly income is less than ₡792,000 ($1,417) will be exempt from paying the income tax.

A piece of advice on taxes.

Even with the $2 bump in Costa Rica's airport departure tax, it still has one of the cheapest such taxes in the region.

The proposed change to the law does improve on giving new and small businesses a break, but the magnitude of the difference in the fees in regards to income is still disproportionate, and it effectively diminishes tax revenue by leaving big companies with the initial amount.

Costa Rica's Legislative Committee on Financial Affairs approved a bill to reinstate the country’s corporate tax law, which was ruled unconstitutional in 2015.

While it’s nearly impossible to master the U.S. tax code, you don’t need to be a guru on the subject to demonstrate to your...

The tax world is clearly becoming more interconnected and globalized with countries exchanging financial information about each other’s citizens through FATCA or the upcoming...

As this publication and others have recently noted, banks outside of the United States are sending FATCA letters, including form W-9, to their U.S. citizen banking clients. Here's what you need to know.

What is worrisome is that the President seems to believe that the current financial difficulties can be solved simply by raising taxes; that the fiscal reform comes first, and “we can think of the reform of the State later." Decisions have to be made on many fronts, or we are just going to waste the new taxes with the same old practices.