Tax Avoidance Is A Booming Industry

The so-called Paradise Papers may sound familiar – leaked documents from a law firm that specialises in offshore...

Government Proposes To Charge 4% VAT Tax On Airline Tickets, Books and Machinery

Expected today, Thursday, is the government's final draft of its tax reform that establishes two Value Added Tax (VAT)...

Government Decides To Propose A 13% VAT

Being more feasible to obtain the 29 votes needed in Congress, the Government decided to propose transforming the...

Corret Income Tax for Foreigners Investing in Costa Rica Stock Market Is 8%

Since September 25, foreigners who acquire securities from the local stock market will have to pay 8% tax...

Assets of Dissolved Corporations Are Not Lost

A common practice by many foreigners (and Costa Ricans alike) is to hold property, ie, a vehicle or...

Bill Proposed To Lift Bank Secrecy Law in Costa Rica

Bank secrecy (or bank privacy) prohibits banks in Costa Rica providing to authorities personal and account information about...

What Happents To Property Of Dissolved Corporations For Not Paying The ‘Corporations Tax’??

In less than two weeks, on September 1, the 'Corporations Tax', (Impuesto Personas Juridicas in Spanish) kicks in...

‘Corporations Tax’ Amnesty For 90 Days

From September 1 to December 1, companies can take advantage of an amnesty to bring to date their...

Government Proposes To Charge A 15% Tax For Using Services Like Netflix

Intent on solving the country's current financial problems, the government today (Thursday) presented to legislators a new tax...

Costa Rica, UAE To Prevent Double Taxation

Costa Rica and the United Arab Emirates successfully negotiated an agreement to prevent double taxation between the two...

Telecom Tax Proposed To Fund 911 Service

Costa Rica's Legislative Assembly has received a proposed tax on mobile and fixed telephony and broadband services with...

Taxation Evaluating Asking The U.S. For Information On Airbnb Hosts in Costa Rica

Although Airbnb has offered to collect the sales tax for transactions made on rentals in Costa Rica through...

New VAT Expected To Be Kept At 13 Percent

Q COSTA RICA - Costa Rica may opt for a lower value-added tax (VAT) rate if and when...

Costa Rica’s Electronic Invoicing Could be Done in Dollars

Q COSTA RICA - An amendment to the regulations of the income and sales tax laws, which will...

Panama Papers Law Firm Founder Says Scandal Set Off Tax Shelter Boom in US

Q24N (AFP) - The co-founder of the law firm at the center of the Panama Papers scandal says...

New Car Dealers Forced To Register 2018 Cars As 2017

Q COSTA RICA - When is a 2018 model car year a 2017?  When in Costa Rica and...

The Corporations Tax Is On. Legislators Approve Bill In Second And Final Debate.

Q COSTA RICA - On Thursday, March 16, legislators approved in second and final debate the "tax on...

Attorney General: Decree Restricting Importation Of New Cars Is Unconstitutional

Q COSTA RICA - "It restricts the freedom of commerce and implies an intrusion into the market," says...

Legislators Get Constitutional Green Light To Revive ‘Corporations Tax’

Q COSTA RICA - The Constitutional Court or Sala IV as it is commonly known gave the green...

Tourism Operators and Tax Man In Conflict Over Sales Tax On Recreation

Q COSTA RICA  - The Cámara Nacional de Turismo (Canatur)  - National Chamber of Tourism  - denounced that...

Why Are Costa Ricans Not Willing To Pay Taxes?

Q COSTA RICA / Why are Costa Ricans reluctant to pay taxes? What are the consequences of such...

The Basic Points Of The New Corporations Tax Law

Q COSTA RICA - If the draft Ley de Impuesto a las Personas Jurídicas (Corporations Tax Law) has...

People Renting Houses and Apartments For Less Than A Month Must Pay Sales And Income Tax

Q COSTA RICA - Rentals of houses, apartments and condominiums for a period of less than one month...

Costa Rica Shareholder Registry Approved

Q COSTA RICA NEWS - The bill to improve the fight against tax fraud successfully passed the last...

Airbnb Offers To Collect Sales Tax For Its Transactions in Costa Rica

Q COSTA RICA NEWS - The more than 6,600 hosts using Airbnb in Costa Rica may soon see...

Legislative Christmas Gift of Tax On Corporations Almost Ready

The controversial draft Law on Tax on Corporations (Ley de Impuesto a las Personas Jurídicas), to which legislator...

Costa Rica Improves Tax Evasion Controls

(QCOTARICA) The Directorate General of Taxation (Dirección General de Tributación) has hired an external service that cross matches...

Costa Rica Food Industry Opposes Tax Exemptions for Food

  Costa Rica's food industry is opposed to the executive decree which eliminates the exemption from payment of sales...

Costa Rica Considers Anti-Tax Evasion Bill

A bill containing measures to combat tax evasion is close to being endorsed by Costa Rica's legislature, according...

Costa Rica and Germany Agree to Eliminate Double Taxation

From January 1, 2017 the agreement ratified between both parties to avoid double taxation of income and assets...

Creation Of A Shareholder Registry Revived in Costa Rica

QCOSTARICA - Legislators of the Financial Affairs Committee (Comisión de Asuntos Hacendarios) on Tuesday approved a the text...

Shaking The Money Tree, Costa Rica Proposes Global Income Tax

QCOSTARICA - Under pressure to raise revenue and reduce deficits, the Government of Costa Rica is preparing to...

LATEST

Costa Rica Decides: Latest Poll

If the presidential elections were held today, who would win? The latest poll reveals no one. The current field of candidates for the election on...

Miss Peru Pageant Protests Gender Violence to International Applause, but not all Peruvians Are Clapping

When contestants in this year's Miss Peru contest exposed the alarming numbers related to violence against women, the international media gave a standing ovation. But...

“Cementazo” Scandal Tarnishes Costa Rica’s Presidential Election

Costa Rica is just months away from a presidential election, set to take place on February 4, 2018. However, the road to the polls...

Family Time (with Multiple Families) in Costa Rica

Traveling thousands of miles from home, with young children, to remote beaches in a foreign country where they speak a different language can be...

Switzerland to Take Part in Bi-Oceanic Train Route Through 5 South American Countries

Switzerland has officially joined the bi-oceanic train project that will connect five South American countries as well as the Pacific and Atlantic Oceans by...

Number of Women Jailed in Mexico Increases Due to Drugs

(Prensa Latina) The number of women jailed in Mexico for crimes associated with drug trafficking increased in recent years. The Equis, Justice for Women organization,...

Critics Calling ‘Justice League’ a Mess

Fueled by his restored faith in humanity and inspired by Superman's selfless act, Bruce Wayne enlists newfound ally Diana Prince to face an even...

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...

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...

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...

Red Alert Declared For Pacific, Central Valley and Northern Zone

The National Emergencies Commission ( Comisión Nacional de Emergencias - CNE) declared a red alert for the entire Pacific coast, Central Valley and northern...

Nothing Escaped Nate!

Nothing escaped Nate! Floods, rivers overflowing their banks, houses destroyed, families uprooted, schools closed, roads and bridges damaged or destroyed and farms and plantations...

RANDOM