Quantcast

corporations tax

The Corporations Tax Is On. Legislators Approve Bill In Second And Final Debate.

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 corporations” bill. Thus, owners of corporations, starting in July, must start paying the tax and continue to be liable for any accumulated debt of the previous law. When will the law take effect? Following Thursday’s approval, the […]

Legislators Get Constitutional Green Light To Revive ‘Corporations Tax’

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 light to the legislative bill to revive the ‘corporations tax’. The Court said it found no procedural or substantive defects (errors). The vote was unanimous. The Court decision followed a consultation by legislator Otto Guevara, who opposes […]

Minister of Security Says He Will Resign If Legislators Don’t Approve Tax on Corporations

Minister of Security Says He Will Resign If Legislators Don’t Approve Tax on Corporations

(QCOSTARICA) The Ministro de Seguridad (Minister of Security), Gustavo Mata has threatened to resign his post if legislators don’t approve the return of the Corporations Tax, that is used primarily to finance his portfolio. Gustava’s statement Monday morning of his eventual resignation came after providing details of the shooting in Cieneguita de Limon that left […]

Legislative Commission Endorses ‘Corporations Tax’ Bill

Legislative Commission Endorses ‘Corporations Tax’ Bill

QCOSTARICA – “I’ll be back” is a catchphrase associated with Arnold Schwarzenegger, which he first used in his role as the title character from the 1984 science fiction film The Terminator. However, it can equally apply well to the “corporations tax” in Costa Rica, that refuses to die. On Tuesday, the bill that aims to […]

Corporations Tax Could Be Revived, But Not Until Spending Cuts Occur Says Opposition

Corporations Tax Could Be Revived, But Not Until Spending Cuts Occur Says Opposition

(QCOSTARICA) Reviving the tax on corporations is a goal by President Luis Guillermo Solis, says La Republica, who confirms that the President wants to send a bill to the Legislative Assembly. The government wants to use the money (revenue), an estimated ¢50 billion colones, to improve public security and expand the prisons. The opposition, however, […]