Finance Ministry issues warning ahead of shopping season
Business
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Business
122 views2

Finance Ministry issues warning ahead of shopping season

L. Arias - November 9, 2016

Online shopping will enter its high season later this month, and the Finance Ministry has warned people preparing to join the sales frenzy in Costa Rica to avoid problems…

Vehicle insurance costs to go up in November
Business
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Business
161 views

Vehicle insurance costs to go up in November

L. Arias - October 28, 2016

The National Insurance Institute (INS) will begin collecting mandatory vehicle circulation permits, or marchamos, for 2017 on Nov. 1, and motorists will likely have to pay more than…

New tax brackets for the new tax year
Business
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Business
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New tax brackets for the new tax year

L. Arias - October 4, 2016

New brackets for calculating income tax for the next twelve months were implemented on Oct. 1, following their publication in the official newspaper La Gaceta. As of Oct. 1, workers whose…

Government presents 2017 budget proposal with 12 percent hike
Costa Rica
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Costa Rica
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Government presents 2017 budget proposal with 12 percent hike

L. Arias - September 5, 2016

The government's 2017 budget proposal is 12 percent higher than the current year's budget, thanks mostly to accumulated debt, the presidency said. Vice President and Finance Minister…

Fitch maintains Costa Rica’s junk bond rating
Business
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Business
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Fitch maintains Costa Rica’s junk bond rating

Zach Dyer - January 21, 2016

It’s déjà vu all over again for Costa Rica’s investment rating. Fitch Ratings announced that the company was holding steady on its junk bond rating for Costa Rica, according…

With the biggest shopping days ahead, Costa Rica still lacks good e-commerce regulations
Business
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Business
103 views

With the biggest shopping days ahead, Costa Rica still lacks good e-commerce regulations

L. Arias - November 12, 2015

While two of the biggest shopping days – Black Friday and Christmas – are quickly approaching, Costa Rican lawmakers are working to pass legislation that improves controls and consumer protection…

Costa Rica to drop interest rates in attempt to jump-start economy
Business
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Business
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Costa Rica to drop interest rates in attempt to jump-start economy

Zach Dyer - October 21, 2015

President Luis Guillermo Solís has been pummeled by opponents over his handling of the economy since he took office last year, but he tried to parry those…

Airbnb v. Uber: Sharing economy gets a mixed reception in Costa Rica
Business
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Business
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Airbnb v. Uber: Sharing economy gets a mixed reception in Costa Rica

Zach Dyer - September 16, 2015

The night that Uber started offering its ride-hailing service in Costa Rica, vandals – reportedly taxi drivers – smashed the windows of one of the company’s cars in…

Finance Ministry could lower Costa Rica income tax brackets
Business
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Business
133 views

Finance Ministry could lower Costa Rica income tax brackets

L. Arias - September 11, 2015

A decrease in Costa Rica’s Consumer Price Index over the past year could mean more of the country's low-income workers will have to pay taxes next year, and some middle-income…

Costa Rica’s fiscal deficit to reach 6.9 percent of GDP in 2016
Business
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Business
173 views1

Costa Rica’s fiscal deficit to reach 6.9 percent of GDP in 2016

Zach Dyer - September 2, 2015

Costa Rica’s 2016 budget is set to see the smallest percentage increase in 10 years, but the deficit continues to rise, according to comments from acting Finance Minister…