Drop In Vehicle Imports Affects Tax Revenue Collection

The decrease in vehicle import last year has resulted in a contraction in the tax on vehicles sales...

The 2018 Marchamo Explained (Q&A)

This is the last week of the week for more the owners of more than 1.3 million vehicles...

Hacienda (Taxation) Confirms Internet Purchases Of Up To US$500 Are Tax Exempt

The Ministerio de Hacienda (Ministry of Finance) confirmed, through a statement issued today (November 23, 2017), that any...

Three Families Receive A Quarter Of Government Spending On Rent

Five corporations (Sociedades Anominas or S.A.s'), controlled by three families, receive 24% of the ¢1.589 billion colones that...

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...

LATEST

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 past 12 months. In 2018, the legal...

Court Rules Against Uber and its 83,000 Drivers

Colombia’s Constitutional Court has ruled against Uber with a verdict that affects 83,000 drivers affiliated to the technology platform. The decision follows a similar...

Over half a million Venezuelans fled to Colombia

More than half a million Venezuelans have taken refuge in Colombia to escape the crippling economic crisis in their country, Colombia Immigration (Migración Colombia)...

Foreigner Detained At Airport For Concealing Large Amount Of Cash

A woman of Cuban nationality was detained by the officials of the Policía de Control de Drogas (PCD) - Drug Control Police - at...

New ¢1,000 Not Fake: New Series Issued With Changes

The Banco Central (Central Bank) confirmed on Monday, January 22, that the new ¢1,000 banknote in circulation is not counterfeit, as it has been...

Canadian Wanted In Shooting Of Two Nicaraguans in Santa Teresa de Cobano

A fight outside a liquor store in Santa Terese de Cobano, in the Nicoya Peninsula, resulted in the death of one and serious injury...

Bomberos Attend Fires On Motorbikes

There was an emergency. There was despair. There was a house on fire. The owners called 9-1-1 for help. But instead of the sirens...

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

Downtown San Jose Hotel Encouraging People To Return To Live In The City

Q COSTA RICA  - How much does it cost to live in downtown San Jose? One downtown hotel says at least US$2,000 monthly for...

Chang Presents President With Energy Plan

Former astronaut, physicist and national hero Dr. Franklin Chang met briefly last week with President Luis Guillermo Solis to present his "little report" containing...

Time In Detention (Jail) In Costa Rica Can Be in Comfort

TICO BULL - Ordered to preventive detention in Costa Rica - that is time in jail while the investigation against you continues - can...

Costa Rica’s Cruz Roja (Red Cross) Joins Search For Missing Dutch Women

Costa Rica's Cruz Roja (Red Cross) joined the search in Panama to help find two young Dutchwomen who went missing in April. Lisanne Froon, 22,...

The Most Dangerous Roads In Costa Rica

(TICO BULL) A Youtube video by The Talko  listing the 10 most dangerous roads in the world inspired me to make a list of...