Government tables draft bills aimed at approving fiscal reforms
Business
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Business
1276 views2

Government tables draft bills aimed at approving fiscal reforms

L. Arias - January 28, 2017

President Luis Guillermo Solís will table a series of draft bills at the Legislative Assembly designed to increase government income and curb the country’s fiscal deficit, Casa Presidencial…

Finance Ministry submits tax reform bills to Legislative Assembly
Business
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Business
910 views

Finance Ministry submits tax reform bills to Legislative Assembly

L. Arias - August 12, 2015

The Costa Rican government moved this week to reform the country's tax laws in an effort to attack the growing fiscal deficit, which has begun to raise…

Government wants to hike taxes to boost income
Business
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Business
812 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
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Business
608 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
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Business
663 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
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Crime
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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
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Business
499 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
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Business
677 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…