‘Corporations Tax’ Amnesty For 90 Days

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

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...

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...

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...

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...

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...

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...

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...

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...

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)...

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...

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...

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...

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...

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...

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...

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...

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...

Tax Avoidance Is A Booming Industry

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

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...

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...

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...

Costa Rica Improves Tax Evasion Controls

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

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...

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 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...

Uber And Its Drivers “Must Pay Income Tax”

QCOSTARICA - Being a Uber driver is not as simple as registering as a driver and "a job",...

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...

Taxation Requires Professionals To Disclose Client List

QCOSTARICA - The next time you visit a doctor, dentist, lawyer, accountant or any other professional, keep in...

Costa Rica Shareholder Registry Approved

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

LATEST

Is It Time To Renew Your Costa Rica Driver’s License?

If you are among the thousands of drivers whose driver's license expires in the coming months, leaving it to the last minute and the...

Protesters Claim Secular Status for Costa Rica

While thousands of demonstrators across the United States marched in support of female empowerment and denounced President Donald Trump's views on immigration, abortion, LGBT...

Air Surveillance Service Made More Official Transport Flights Than Patrols

The Servicio de Vigilancia Aérea (SVA)- Air Surveillance Service - of the Ministry of Public Security made - over two years - more flights...

Mexican Governor Invokes Pancho Villa, Shakes Up Elections

"We want a true revolution in this country," mustachioed governor Javier Corral said in his office, hung with a large portrait of Villa, the...

Trump’s First Year and Latin America (Video)

  Source: Telesurtv.net  

Could a New Currency Be the Solution to Argentina’s Never-Ending Inflation Problem?

Since its founding in 1935, inflation has averaged 55 percent per year. Since its issuance by the BCRA, 13 zeros have been added to...

Juan Diego Castro: The Trump Wannabe of Costa Rica

“COSTA Rica is the most beautiful place in the world,” my much-travelled friend Jamie Cox told me last summer. We were chilling out in...

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

Human rights court to rule on Costa Rica in vitro fertilization case

From TicoTimes/QCostarica Costa Rica is one of the only countries to ban the practice. The Inter-American Court of Human Rights (IACHR) is expected to issue a...

French Legislators Debate Ban on Paying For Sex. Could The Same Happen in Costa Rica?

OPINION - Prostitution in Costa Rica (the exchange of sexual services for money) is not illegal. The country's laws, however,  forbids promoting or facilitating...

Costa Rica Scores More or Less On Corruption Index

Costa Rica ranks 48th in Transparency International’s 2012 Corruption Perceptions Index (CPI) which measures perceived public sector corruption in 176 countries. Costa Rica’s score...

A True Story……

It is hard not to single out the Caja Costarricense del Seguro Social, better known as the Caja for ineptness and waste. Recently I have...

Sex On Public Roads Is “An Everyday Thing”, Says San Jose Police Chief

COSTA RICA NEWS -- Couples completely naked having intimate relations, transvestites servicing their clients and prostitutes showing their private parts to passersby in the...