New VAT Expected To Be Kept At 13 Percent

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

Tax Avoidance Is A Booming Industry

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

One Step Closer to a Tax Reform

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

Shaking The Money Tree, Costa Rica Proposes Global Income Tax

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

Legislative Christmas Gift of Tax On Corporations Almost Ready

The controversial draft Law on Tax on Corporations (Ley de Impuesto a las Personas...

Philip Morris International Will Stop Producing Cigarettes in Costa Rica

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

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...

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...

Costa Rica Considers Anti-Tax Evasion Bill

A bill containing measures to combat tax evasion is close to being endorsed by...

‘Corporations Tax’ Amnesty For 90 Days

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

Assets of Dissolved Corporations Are Not Lost

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

Drop In Vehicle Imports Affects Tax Revenue Collection

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

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...

Costa Rica And Mexico Share Experiences On Tax Info Exchange

(QCOSTARICA) -- Officials from Mexico's Tax Administration Service (SAT) last month met with Costa...

New Car Dealers Forced To Register 2018 Cars As 2017

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

Telecom Tax Proposed To Fund 911 Service

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

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...

osta Rican Companies Have Less Than 2 Weeks To Adopt The Factura Electrónica

September 1 is the deadline for businesses in Costa Rica to adopt the Factura...

The 2018 Marchamo Explained (Q&A)

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

Attorney General: Decree Restricting Importation Of New Cars Is Unconstitutional

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

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

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

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...

Internatoinal Monteray Fund Supports Costa Rica’s Fiscal Reforms

QCOSTARICA by Mike Godfrey, Tax-News.com - The International Monetary Fund (IMF) has welcomed the...

Property tax on vehicles will decrease 8% for 2019

The owners of 2,391,602 vehicles will feel a relief when paying the property tax...

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...

Bill Proposed To Lift Bank Secrecy Law in Costa Rica

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

Costa Rica Improves Tax Evasion Controls

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

Legislators Get Constitutional Green Light To Revive ‘Corporations Tax’

Q COSTA RICA - The Constitutional Court or Sala IV as it is commonly...

Costa Rica’s Electronic Invoicing Could be Done in Dollars

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

Creation Of A Shareholder Registry Revived in Costa Rica

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

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...

Costa Rica Hails Recognition Of Tax Transparency Progress

QCOSTARICA via Tax-News.com - Costa Rica has welcomed recognition from the Organisation for Economic...

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