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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 increases the number of software suppliers that provide this service in the country. In the market, it is estimated that about 60 companies offer the services, some at very low prices....

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 by legislator Edgardo Araya of the Frente Amplio (FA), heats up the discussion of the tax reform. The motions were rejected by the Commission that studies the tax reform; however, the...

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 a view to funding the country's 911 emergency and security system, reports local daily La Prensa Libre. The tax was proposed by Rolando Gonzalez of the Partido...

Acapulco Hotel Owners Unite Against Airbnb with New Tax Bill Countering “Unfair” Competition

Airbnb, the online housing rental service, may be charged a new tax in Mexico’s tourist destination of Acapulco. The Association of Hotels and Tourism Companies there is working on a bill that would charge Airbnb a three-percent tax. The bill will be sent to the...

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 it implements the tax reforms. The International Monetary Fund (IMF), during a recent visit to Costa Rica, noted the plans in its Article IV consultation with the...

Tax Man Will Maintain 15% Withholding On Interest Earned By Foreigners

Q COSTA RICA - The Ministerio de Hacienda (Ministry of Finance) says it will maintain the 15% withholding on profits earned in the stock market by foreign investors. Helio Fallas, the Minister of Finance, informed the Superintendencia General de Valores (Sugeval) - Superintendency of Securities...

Costa Rica Considers Higher Taxes On Foreign Truckers

Q COSTA RICA - The Costa Rican Government is to consider hiking taxes on foreign haulers. Meetings were held with domestic companies after protests concerning competition from other neighboring countries. The Government and local firms reached an agreement that lawmakers will consider hiking the current 15...

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...

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 behavior?  "So much paid in taxes and see the roads", or "I did not file a tax return and nothing has happened to me!" are expressions...

Germany, Costa Rica To Avoid Double Tax Starting Jan 1

(QCOSTARICA) Global Tax News -  German's Finance Ministry on October 24 confirmed that the double tax avoidance treaty between Germany and Costa Rica will apply from January 1, 2017. The treaty, signed on February 13, 2014, is the first such agreement between Germany and Costa...

Taxation Cannot Demand Prepayment Of Penalties and Interest on Audits, Court Rules

(QCOSTARICA) A declaration of unconstitutionality has been given to the section of the tax code that allowed the Ministerio de Hacienda (Treasury) to demand payment of penalties and interest allegedly owed on taxes. In effect, the Court ruling put the brakes on the outlandish...

Costa Rica: Personal Taxation

QCOSTARICA often gets inquiries about taxes in Costa Rica. For that we turned to Tax-News.com, a great source of tax information on Costa Rica and around the world. The following is their take on taxes of individuals in Costa Rica: In Costa Rica the taxation of...

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,...

Costa Rica Bridging Its Fiscal Gap

QCOSTARICA by Micheal Godfrey, Tax-News.com - Costa Rica said that government revenues grew at a faster rate than expenditure for the first time in four years in November. Revenues were up nine percent year-on-year, while expenditure had increased by 8.4 percent, the Finance Ministry said. The...

The Story Behind The “Sex Motel ” Tax

QCOSTARICA JOURNAL - As legislators continue their work on "modernizing" the tax on motels that was established 43 years ago, let's look back at how this tax came to be. It was in November 1972, in the middle of the last government of Don Pepe...

Legislator Warns Of Government’s Plan Of Additional Tax on Vehicles To Finance Electric Train

(QCOSTARICA) - The legislator for the Alianza Demócrata Cristiana, Mario Redondo, warns of a plan by the government to introduce a new (and additional) property tax on vehicles, to "finance" the urban electric train system. Redondo commented on Thursday the provision included in the “Ley...

Change in Motel Tax Would Increase Help For The Poor In Costa Rica

(QCOSTARICA) One way to help Costa Rica's poor by the financially strapped government is by making changes in the way motels are taxed, giving the Instituto Mixto de Ayuda Social (IMAS), more than ¢700 million colones a year to work with. The additional income, almost...

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