Government Raids Pepsi For Suspected Tax Evasion

February 27, 2004

THE Prosecutor’s Office for the Judicial Branch on Tuesday morning raided the installations of Embotelladora Centroamerica S.A. (ECSA), the country’s producer and distributor of Pepsi brand soft drinks, for allegedly not paying ¢109 million ($260,000) in taxes, the daily Al Día reported.

The Direct Taxation Office said it issued the order to search ECSA as a result of alleged irregularities found in its payment of foreign remittance taxes over royalties paid between Oct. 1, 1999 and Sept. 30, 2002.

ECSA pays royalties to the firm Cuba Libre International of the British Virgin Islands for the production and sale of Cuba Libre brand rum-and-coke canned beverage.

During the search, police seized several documents but arrested no one.

A spokesperson for ECSA said the company would not comment on the matter.

Facebook Comments

You may be interested

Costa Rica issues invitation to Commission on Human Rights following murder of Bribrí leader
Costa Rica
966 views
Costa Rica
966 views

Costa Rica issues invitation to Commission on Human Rights following murder of Bribrí leader

AFP and The Tico Times - March 23, 2019

Costa Rica on Friday invited the Inter-American Commission on Human Rights (IACHR) to visit indigenous territories in the country’s southern…

Costa Rica falls to Guatemala, 1-0, in soccer friendly
Costa Rica
800 views
Costa Rica
800 views

Costa Rica falls to Guatemala, 1-0, in soccer friendly

AFP and The Tico Times - March 23, 2019

The Guatemalan national soccer team defeated its Costa Rican counterparts 1-0 on Friday night in a friendly in the Guatemalan…

Vaccinating children against measles is ‘an obligation’ for adults in Costa Rica
Costa Rica
1340 views
Costa Rica
1340 views

Vaccinating children against measles is ‘an obligation’ for adults in Costa Rica

Alejandro Zúñiga - March 23, 2019

Measles have been reintroduced in Costa Rica this year thanks to two foreign families that vacationed or reside here and…