Wednesday 23 June 2021

Carlos Alvarado denies solidarity tax on wages of ¢500,000

The Minister of Finance, Minister of Planning and the Minister of Health all announced the plan for a tax on wages to subsidize private and public sector workers who lost their job during the coronavirus crisis

This Thursday morning, before meeting with legislators at the Museo de Niños (Children’s Museum), the Minister of Finance announced that the government will propose the creation of a solidarity tax on both the wages of the private and public sector employees to help finance a support plan for those who lost their jobs for the coronavirus emergency.

Carlos Alvarado and Rodrigo Chaves (right) minister of Finance

According to Finance Minister Rodrigo Chaves, the tax would begin to be collected on monthly salaries of ¢500,000 and up with a 5% contribution and would increase the higher the salary is up to 25%, added Planning Minister Pilar Garrido.

- Advertisement -

Chaves literally said: “All of us who are blessed to have the job will contribute. That is the proposal. It won’t be for low-income people. It will start in more or less with a very small contribution for those who earn ¢500,000 (monthly) or more, 5% and, from there, it will go up as people earn more, where those who earn ¢4.3 million (monthly) or more will make a greater contribution, at least for the time that is necessary”.

The Minister of Planning, Pilar Garrido, also said of the tax: “Right now, it is being visualized from a certain amount that is around more than ¢1 million (monthly) and is differentiated, let’s say, people who earn less than that, 5%, the maximums, 25%, but everything is still under development”.

According to Chaves, the idea is to generate resources to add ¢360 billion colones, along with two other measures, to grant subsidies to people unemployed by the crisis.

The Minister of Health, Daniel Salas, made the same announcement during the mid-day covid-19 briefing, using the same figures stated earlier by the Finance Minister.

- Advertisement -

However, later, President Carlos Alvarado denied that he intended to collect a wage tax.

 

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Germany opens borders to Ticos from this Friday!

QCOSTARICA - Good news for Ticos with traveling fever! From Friday,...

MOST READ

Today’s Vehicle Restriction June 21: plates ending in 1 & 2 CANNOT circulate

Today, Monday, June 21, we are back to the two plates that cannot circulate, in today's case plates ending in 1 & 2 CANNOT...

Week immersed in passage of tropical wave, June Solstice and Veranillo

QCOSTARICA - Today, Monday, June 21, is the day of the year when the sun stays the longest on the horizon, therefore it is...

Today’s Vehicle Restriction June 19: only “ODDS” can circulate

Today, Saturday, June 19, only vehicles with "ODD" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Treasury threatens to close doors to Sinpe Móvil to avoid tax evasion

QCOSTARICA - What had been a good tool as a payment mechanism for sellers and businesses, the Ministry of Finance (Treasury) has in its...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...

Informants assisted OIJ in corruption investigations, says the minister

QCOSTARICA - The investigation into alleged bribery of public officials in exchange for contracts for road works, received help from informants within the Consejo...

New trends in coffee consumption challenge sector

QCOSTARICA - Changes in consumption habits in terms of times, types of preparation and specialties challenge the coffee sector. Most of the consumers in Costa...

Germany opens borders to Ticos from this Friday!

QCOSTARICA - Good news for Ticos with traveling fever! From Friday, June 25, Germany will allow entry of travelers from Costa Rica as long...

Today’s Vehicle Restriction June 20: only “EVENS” can circulate

Today, Sunday, June 20, only vehicles with "EVEN" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.