Finance Ministry submits bill to improve tax collection, reduce evasion

August 1, 2014

Finance Ministry officials on Thursday presented lawmakers a bill proposing a number of amendments to existing tax legislation to combat evasion and improve efficiency in collection.

The bill sent by Finance Minister Helio Fallas includes nine major reforms that would give officials more tools to monitor and tax financial transactions, including a requirement that all businesses accept credit or debit cards as payment. As an incentive, the Finance Ministry would then refund businesses up to 1 percent of sales taxes collected on credit and debit card transactions.

Another proposal is to charge sales tax to people who rent property for less than a month. Officials say that would prevent unfair competition by those who rent homes in tourist areas, which affects hotel and other lodging businesses.

Another amendment would require anyone requesting a document from any public agency to be current on tax payments. That would include obtaining driver’s licenses, business permits and bank loans.

Finance Vice Minister Fernando Rodríguez said the bill is the first step by the administration of Luis Guillermo Solís to improve government tax revenue, one of Solís’ campaign promises.

You may be interested

Give green in Costa Rica: holiday gifts that will live on all year
Environment and Wildlife
994 views
Environment and Wildlife
994 views

Give green in Costa Rica: holiday gifts that will live on all year

Ed Bernhardt - December 16, 2017

A warm holiday greeting from the garden to all our readers. Another year has come to an end, and it’s…

Honduran opposition protesters take to the streets
Central America
1764 views
Central America
1764 views

Honduran opposition protesters take to the streets

Noe Leiva / AFP - December 15, 2017

Supporters of the leftist opposition in Honduras blocked streets in various cities around that country on Friday, despite political repression,…

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada
Please Send Coffee!
2547 views
Please Send Coffee!
2547 views

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada

Gustavo Díaz Cruz - December 14, 2017

My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…