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One Step Closer to a Tax Reform

The Costa Rican Legislature has accepted a fast track bill that would transform the 13% sales tax into a Value Added Tax (VAT) and in addition a 4% rate on the purchase of packaging, wrapping and raw materials, among other things. The Impuesto al Valor...

Ticos Up To Their Eyeballs In Consumer Debt: UCR Survey

The cost to have the latest smartphone or appliance, for example, are the leading causes of consumer indebtedness of Costa Ricans (Ticos), this according to the Actualidades 2017 survey conducted by the School of Statistics at the Universidad de Costa Rica (UCR). The numbers reveal...

osta Rica Tax Declaration Needed for Loan Applications

The most recent tax declaration will become a requirement for some companies when applying for a loan at banks in Costa Rica. The move is part of the Regulation on the Qualification of the Debtors, which has been in effect since June 17. The tax...

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