Quantcast

taxes

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

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 – that the Tributacion (Tax Department) is not accepting 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 […]

Raising Taxes in Colombia Will Not Help the Country’s Poor

Raising Taxes in Colombia Will Not Help the Country’s Poor

A view of Medellin from the Metro Cable. The common argument for more taxes in Colombia is that low-income people will access programs for free housing, health, and education. (Flickr) (Today Colombia) Colombian President Juan Manuel Santos has emphasized ad nauseum that though the tax reform is painful, it is inevitable if social programs benefiting […]

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 individuals is based on the principle of territoriality, meaning […]

Tolls and Marchamo Would Finance Electric Train

Tolls and Marchamo Would Finance  Electric Train

QCOSTARICA – Soon, when you pay a toll or your annual Marchamo (vehicular circulating permit), you will be contributing to the start of the electric train in the Greater Metropolitan Area of San Jose or GAM. At least that is the intention of legislators who this week will be presented with a bill that would […]

Tax fraud to keep the IRS busy long past April

Tax fraud to keep the IRS busy long past April

(Q24N from LAtimes.com) Three things are certain in life. Death and taxes are two of them. The third is tax fraud. With tax day in the United States come and gone, U.S. federal investigators now face another year of chasing some of America’s most colorful paper bandits through mountains of tax returns, bank statements and […]