Tax on Costa Rica corporations is unconstitutional, says court
Business
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Business
1354 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…

Taxes you need to know about when living in Costa Rica
Expat Living
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Expat Living
5462 views10

Taxes you need to know about when living in Costa Rica

Ivo Henfling - January 23, 2015

Moving to another country like Costa Rica is always a big step, especially if you don’t have all the information together to be able to follow the…

What is Costa Rica’s luxury home tax?
Expat Living
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Expat Living
5452 views

What is Costa Rica’s luxury home tax?

David Boddiger - December 15, 2014

  Potential property owners are likely quite familiar with property taxes. However, a relatively newer tax has hit the real estate market that you should keep in…

Regulatory agency rejects increase in vehicle inspection rates
Business
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Business
869 views

Regulatory agency rejects increase in vehicle inspection rates

L. Arias - November 26, 2014

The cost of mandatory technical vehicle inspections in Costa Rica will remain unchanged for the next 12 months, as the Public Services Regulatory Authority (ARESEP) on Tuesday…

Mandatory vehicle inspection agency seeks up to 200 percent increase in prices
Business
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Business
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Mandatory vehicle inspection agency seeks up to 200 percent increase in prices

L. Arias - November 21, 2014

The Public Services Regulatory Authority (ARESEP) announced Tuesday that RITEVE SyC, the private company responsible for certifying mandatory technical vehicle inspections, submitted rate hike requests of up to…

Solís administration proposes bill to cancel tax debts for some tourism businesses
Business
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Business
867 views1

Solís administration proposes bill to cancel tax debts for some tourism businesses

L. Arias - November 13, 2014

President Luis Guillermo Solís on Tuesday evening sent the Legislative Assembly a bill proposing the cancellation of a backlog of sales taxes, interest and fines for tourism businesses…

Finance Ministry updates income tax brackets, raises tax-exempt salary limit
Business
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Business
680 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
869 views2

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…

Stick to peace planning, says PAC founder of ex-President Arias’ plan to reduce Costa Rica’s fiscal deficit
Business
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Business
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Stick to peace planning, says PAC founder of ex-President Arias’ plan to reduce Costa Rica’s fiscal deficit

Fabiola Pomareda - September 30, 2014

Costa Rica’s former two-term President Óscar Arias on Tuesday announced a proposal to reduce the country’s fiscal deficit that included a mix of both direct and indirect…

Tourism chamber leaders vow to escalate fight against added sales tax
Business
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Business
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Tourism chamber leaders vow to escalate fight against added sales tax

L. Arias - September 9, 2014

Leaders of the National Tourism Chamber (CANATUR) on Tuesday said they will use all available legal tactics to challenge a Finance Ministry order to start collecting 13 percent…