Vehicle insurance costs to go up in November
Business
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Business
177 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…

Finance Ministry launches campaign to identify tax dodgers
Business
134 views1
Business
134 views1

Finance Ministry launches campaign to identify tax dodgers

L. Arias - September 22, 2015

The Finance Ministry’s Tax Administration this week launched a new plan aimed at curbing tax evasion, mostly targeting self-employed professionals. Ministry officials began sending email notifications asking people…

New online tax filing system in Costa Rica starts in October
Business
103 views
Business
103 views

New online tax filing system in Costa Rica starts in October

L. Arias - September 1, 2015

Starting Oct. 4, a new online system will replace the software taxpayers currently use in Costa Rica to submit tax returns, Finance Ministry officials reported on Monday. The new…

Finance Ministry submits tax reform bills to Legislative Assembly
Business
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Business
129 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
136 views9
Business
136 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…

Following delays, airlines can begin bundling Costa Rica exit tax into ticket prices
Airlines
106 views1
Airlines
106 views1

Following delays, airlines can begin bundling Costa Rica exit tax into ticket prices

Zach Dyer - February 18, 2015

Airlines operating in Costa Rica finally can start including the country’s $29 exit tax into the cost of flights next week, according to Vice President Ana Helena Chacón, who made…

Tax on Costa Rica corporations is unconstitutional, says court
Business
157 views
Business
157 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…

Restaurant owners say 2 percent bank charge on credit, debit transactions could cause problems
Business
111 views2
Business
111 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…

Archive
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Only 35 percent of Costa Rican corporations will pay taxes on time

L. Arias - January 31, 2013

Today (Jan. 31) is the deadline for 550,000 corporations to pay corporate taxes, and representatives of Banco de Costa Rica (BCR) estimate that some 400,000 will not…