Residential Landords Must Provide Electronic Invoices Starting September 1

Property owners renting a room, an apartment or a house, even if it is...

‘Corporations Tax’ Amnesty For 90 Days

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

The 2018 Marchamo Explained (Q&A)

This is the last week of the week for more the owners of more...

One Step Closer to a Tax Reform

The Costa Rican Legislature has accepted a fast track bill that would transform the...

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...

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...

Philip Morris International Will Stop Producing Cigarettes in Costa Rica

The Mendiola & Compañía, a subsidiary and 100% owned by Philip Morris International (PMI),...

Electric Cars A Reality In Costa Rica As Tax Exemption Ready To Be Applied

At least four new car dealers are ready to bring more electric cars to...

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...

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...

Assets of Dissolved Corporations Are Not Lost

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

Bill Proposed To Lift Bank Secrecy Law in Costa Rica

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

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...

Barclays tells investors to exchange their Costa Rican bonds for Salvadorans

Barclays international bank told its investors on Thursday through a report that it would...

Internet Purchases Would Pay Double Tax, If Propose Tax Reform Approved

Purchases made online in Costa Rica would have two types of taxes, if the...

New Car Dealers Forced To Register 2018 Cars As 2017

Q COSTA RICA - When is a 2018 model car year a 2017?  When...

Costa Rica Taxpayers would pay millions in fines for ‘factura electrónica’ errors

As the obligatory 'factura electrónica' or electronic invoicing approaches for almost all taxpayers, it...

Tax Reforms To Suffer New Impasse

Today, Monday, the tax reform bill "Ley de Fortalecimiento de las finanzas públicas' will...

Tax Plan (Plan Fiscal) Would Prohibit Buying Drugs With Cash

If the government's tax reform (plan fiscal) proposal becomes a reality and comes into...

Government Decides To Propose A 13% VAT

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

Netflix Yes, Amazon No With Respect To The VAT

The Ministerio de Hacienda (Ministry of Finance) explained on Friday that the proposed 13%...

The Basic Points Of The New Corporations Tax Law

Q COSTA RICA - If the draft Ley de Impuesto a las Personas Jurídicas...

Tax on Soft Drinks and Snacks Heats Up Tax Reform Debate

The inclusion of a tax on plastic containers and another on ultra-processed food, proposed...

New VAT Expected To Be Kept At 13 Percent

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

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...

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...

Why Are Costa Ricans Not Willing To Pay Taxes?

Q COSTA RICA / Why are Costa Ricans reluctant to pay taxes? What are...

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...

An End To Excessive Perks For Government Employees Proposed

The majority of legislators declared war on a series of salary bonuses ("pluses salariales"...

Drop In Vehicle Imports Affects Tax Revenue Collection

The decrease in vehicle import last year has resulted in a contraction in the...

Tax on Cement

A bill that is being discussed in the Legislative Assembly proposes establishing a tax...

Costa Rica’s Electronic Invoicing Could be Done in Dollars

Q COSTA RICA - An amendment to the regulations of the income and sales...

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