Government wants to hike taxes to boost income
Business
625 views9
Business
625 views9

Government wants to hike taxes to boost income

L. Arias - March 14, 2015

Finance Ministry officials this week presented a series of amendments to Costa Rica's sales and income tax laws in the hopes of increasing revenue by around ₡600,000 million ($1.1 billion). That…

Restaurant owners say 2 percent bank charge on credit, debit transactions could cause problems
Business
467 views2
Business
467 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…

Finance Ministry submits bill to improve tax collection, reduce evasion
Business
534 views
Business
534 views

Finance Ministry submits bill to improve tax collection, reduce evasion

L. Arias - 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…

Costa Rica’s ombudswoman resigns amid tax fraud probe
Crime
694 views
Crime
694 views

Costa Rica’s ombudswoman resigns amid tax fraud probe

L. Arias - July 7, 2014

Ombudswoman Ofelia Taitelbaum on Monday morning submitted a letter of resignation to the Legislative Assembly just days after lawmakers and Judicial Investigation Police announced they would open an investigation into allegations…

Business confidence drops to lowest levels in 2 years, says new survey
Business
378 views2
Business
378 views2

Business confidence drops to lowest levels in 2 years, says new survey

Zach Dyer - May 15, 2014

Costa Rica’s fiscal deficit and other structural concerns weigh heavily on the country’s business confidence, dropping to its lowest level in the last two years, according to…

Costa Rica shifts view on deficit threat as Solís fights evasion
Business
516 views1
Business
516 views1

Costa Rica shifts view on deficit threat as Solís fights evasion

Isabella Cota | Bloomberg - May 14, 2014

Costa Rica's government will "definitely" lower the forecast for this year's fiscal deficit as the government steps up efforts to fight tax evasion in the Central American…