Salaries Below ¢792.000 Monthly Are Income Tax Exempt

(QCOSTARICA) On Thursday, September 29, published in the official government newsletter, La Gaceta, is the decree updating the income...

Dollar Hits Costa Rican Exporters

QCOSTARICA - The overvaluation of the Colon against the US dollar is hurting the competitiveness of Costa Rican...

The 10 brands Preferred by Costa Ricans

Q COSTA RICA - Ever wonder, when grocery shopping at Automercado, Masxmenos or Pricesmart, for example, why Costa...

Electronic Billing in Costa Rica Starts February 2017

  (QCOSTARICA) On February 14, 2017 a pilot project will start that will connect six previously selected major companies...

Costa Rica: Personal Taxation

QCOSTARICA often gets inquiries about taxes in Costa Rica. For that we turned to Tax-News.com, a great source...

Financial Planner Indicted In U.S. For Illegal “Ponzi” Could Be Forced To Forfeit Costa Rican Luxury Home

The founder of VisionQuest, a Raleigh, North Carolina, investment firm, charged with running an illegal “Ponzi” scheme that...

State Bank Faced With Declining Revenues and Rise In Bad Debts Calls For Government Aid

(QCOSTARICA) Facing financial problems, the Costa Rica state bank, the Banco Crédito Agrícola de Cartago (Bancrédito) has put...

Can Current Value Of Costa Rica’s Currency Be Maintained?

QCOSTARICA - Many wonder how Costa Rica's currency, the Colon, has been able to maintain its valuation in...

Finance Ministry Wants To Encourage Use of Plastic Money With A Lottery

QCOSTARICA - In order to better collect taxes and tax control on businesses, the Ministry of Finance (Ministry...

All Credit and Debit Cards in Costa Rica To Be Replaced In The Next 6 Years

QCOSTARICA - All credit and debits cards issued by the banks in the country will be replaced over...

Costa Rica Colon / US Dollar Exchange Rate Expectations

It is expected that under current economic conditions, the local currency will depreciate on average 3.6% against the...

Things You Didn’t Know About Pricesmart

COSTA RICA NEWS -- Althouh the Q! tried to get information directly from PriceSmart, we had to rely...

Hacienda Plans To Rebate 1% Point of Sales Tax When Using Plastic

(QCOSTARICA) The Ministry of Finance (Ministerio de Hacienda) plans to return one percentage point of sales tax to...

Costa Rica Annual Inflation to April 2016 is -0.92%

QCOSTARICA - In April, the consumer price index fell by 0.09%, putting annual inflation at 0.92%, and inflation...

Dollar Exchange Rate Keeps Increasing in Costa Rica

Q COSTA RICA - In the last couple of weeks the Banco Central de Costa Rica (BCCR) -...

Dollar Exchange in Costa Rica

QCOSTARICA - After more than two years of virtual immobility, the dollar started a rise (more than 5...

Costa Rica Records Decline In Remittances From the U.S.

QCOSTARICA - Costa Rica has registered a decline in remittances from the United States, placing it last in...

More Ticos Than Ever Are Travelling Abroad, Survey Reveals

Q COSTA RICA - The numbers are in, low airfares, the arrival of low-cost airlines and stable dollar...

Another Ruling in Favor of Protectionism, Sala IV Ratifies Ban On Rice Promotions

  In Costa Rica, the Constitutional Court or Sala IV has rejected an appeal of unconstitutionality against the prohibition...

Dollar Exchange Takes A Nose Dive!

Following the significant drop Thursday, the dollar exchange continued its downward spiral in the wholesale market, Monex, dropping...

Dollar Loans Getting More Expensive

(QCOSTARICA) Concerned about the risks involved with the high degree of dollarization of loans in the financial...

Tax Increase Reason For Fuel Price Hike Today

COSTA RICA NEWS - Gasoline prices rose overnight: ¢5 colones per litre of super and regular and ¢3...

Net Income Up to ¢3.339.000 Is Exempt From Taxation

COSTA RICA NEWS -- Individuals with a net income of less than ¢3.339.000 million colones (US$6.100 at today's...

Costa Rica Imposes New Restrictions On Bank Transfers

Q COSTA RICA - Banks in Costa Rica have reached an agreement to amend the Self-Regulation for Monitoring...

Costa Rica Effective Dollar Rate Goes Up

The effective rate in dollars went up to 2.13% from 2.01% last week, while the passive basic rate...

GATCA To Come After FACTA

(qCOSTARICA) As the region gets ready to start complying with the US law, theForeign Account Tax Compliance Act...

Chinese Vehicles Make Their Way Into The Costa Rican Market

Good chance you've seen the brands: BYD, Changan, Geely, Great Wall, JAC and ZAP driving by on Costa...

Good News For Renters, Not So Much For Landlords

  Thanks to a recent law reform, residential rentals in colones cannot rise above the accumulated inflation of the...

Finance Hacienda Requires Public Entities to Invest in State Banks

COSTA RICA NEWS - Public institutions are now required make investments only with state banks and at interest...

Costa Rica: Rise of Bank Credit in 2015

QCOSTARICA -- Bank entities estimate that in 2015 they granted, on average, between 15% and 25% more loans...

Costa Rica Still Has Zero Inflation

QCOSTARICA - Despite the slight monthly increase of 0.19% in the consumer price index in May, inflation in...

Costa Rica to Compensate Workers

COSTA RICA NEWS -- Banana workers and their families exposed to Nemagon in the 1960s and 1970s will...

LATEST

More Business Between Nicaragua and Costa Rica

With the aim of increasing trade relations between both countries, Nicaragua and Costa Rica will reactivate the Chamber of Industry and Commerce jointly, in...

More Warnings Over Fiscal Deficit

Standard & Poor's maintained Costa Rica's debt rating at BB, but warned that it could lower it this year if the next government (on...

Populism and Division: Latin America At The Ballot Box

It does not seem long ago that analysts were predicting a new chapter in Latin America. At the start of the 21st Century, the region's...

Mexico’s America Humiliates Costa Rica’s Saprissa At Home in Concacaf Action

Mexico’s America blew out Costa Rica’s Saprissa 5-1 in the first leg of the round of 16 of the Concacaf Champions League. Paraguayan Cecilio Dominguez...

The Second Round of the Presidential Election

Neither of the two Presidential Candidates, Fabricio Alvarado of the National Restoration Party (PRN), or Carlos Alvarado of the Citizen Action Party (PAC), has...

App Makes Downtown San Jose Parking A Snap

Parking in downtown San Jose is a challenge. Right? An app(lication) now makes life easier in the capital city, eliminating the time to looking...

RECOPE Sells Diesel Fuel That Is Less Polluting But Harmful To Some Engines

Though less polluting, the state refinery Refinadora Costarricense de Petróleo (Recope) admitted that the diesel it distributes since November to gasoline stations across the...

TRENDING / POPULAR

Anne Hathaway’s Leaked Personal Pictures Go Viral

American actress Anne Hathaway is the latest celebrity to fall victim to the hackers, who shamelessly filtered the intimate photos of the actress with...

American Tourist Dies In Isla del Coco Shark Attack

The National Coast Guard Service of the Ministry of Public Security (Servicio Nacional de Guardacostas, del Ministerio de Seguridad Pública) confirmed the death of...

10 Countries Reputed As The Ultimate Place For Sex Tourism (Guess Who Isn’t?)

QCOSTARICA - Normally, tourists travel abroad to visit famous landmarks, culture or do fun things. Also there is a group of tourists who travel...

Female Tiger Shark Attacked American Tourist Who Died in Isla del Coco

The survivor of the shark attack in the Isla del Coco on Thursday, the 26-year-old diving guide identified by his last name Jimenez, said...

How Will Hurricane Irma Affect Costa Rica?

As Hurricane Irma makes its way through the Caribbean and Floridians ready for Irma's potential landfall, how will it affect Costa Rica? Although Hurricane Irma...

RANDOM

No Private Plane For President-Elect Solís

  President-elect Luis Guillermo Solís, in his tour of Central America and the Dominican Republic, is flying commercial and in coach class, with the tab...

MOPT: ‘Damage from Nate On Roads Is of Titanic Proportions’

  "The magnitude of the damage caused by Tropical Storm Nate in the entire road infrastructure of the country is of titanic proportions," were the...

Oscar Arias Criticizes Luis Guillermo Solís’ Leadership Of Costa Rica

COSTA RICA POLICITS -- Despite his hospitalization the past several days, following his pacemaker operation, former president Oscar Arias Sanchez has taken the time...

Employers MAY NOT Dock Drivers For Shortages.

QCOSTARICA  - Anyone who has taken a bus around Costa Rica will know, have seen or experienced first hand the mistreatment of bus drivers...

Costa Rica Improved Internet and Broadband Access, But Other Countries Advanced More

QCOSTARICA - In the Americas, Costa Rica achieved the most dynamic improvement in levels of information and communication technology (ICT) access, rosing 23 places...