Wednesday 24 February 2021

If your monthly income exceeds ¢683 thousand, you would have to pay income tax

QCOSTARICA - The potential development of the global income tax may lead to paying...

IMF loan must be approved in the Assembly no later than the beginning of June

QCOSTARICA - The Legislative Assembly must approve the US$1.75 billion dollar "soft" loan from...

New criteria for calculating VAT in outsourcing services could raise costs

Businesses that outsource services must collect the VAT (Value Added Tax) from their clients...

Finance Minister rules out VAT increase and tax on bank transactions

QCOSTARICA - The Minister of Finance, Elian Villegas, totally ruled out that the Government...

It’s January and that means it’s “tax time”!

QCOSTARICA - The first month of 2021 has a calendar abundant in declarations and...
From La Republica

Tax on ‘luxury houses’ due in two weeks

QCOSTARICA - Real properties with a value greater than ¢133 million colones are subject...

Government evaluates increasing VAT by 1% or taxing bank transactions

QCOSTARICA - The Government of Carlos Alvarado is evaluating increasing the Value Added Tax...

Clothing, cosmetics and electronics among items retained by customs for errors in declarations

QCOSTARICA - Buying online and having it shipped to Costa Rica is all the...

Taxation: collecting VAT does not mean legalizing Uber or DiDi

QCOSTARICA - Charging the Value Added Tax (VAT) does not make a business legal...

New step against evasion? The Treasury will have a closer look at taxpayers

QCOSTARICA -  Taxpayer movements with the Treasury will have more controls as of December...

Have you paid yours yet? 2.4% of vehicle owners have already paid their Marchamo

QCOSTARICA - According to the Instituto Nacional de Seguros (INS), in charge of collecing...

2021 Marchamo collection is on!

QCOSTARICA - At 2:00 pm this Monday, the owners of more than 2.5 million...

INS expects to start collection of the 2021 Marchamo today Monday, November 2

QCOSTARICA - The Instituto Nacional de Seguros (INS) - National Insurance Institute - the...

Ministry of Finance publishes update of list of tax value of vehicles

QCOSTARICA - The Ministerio de Hacienda (Ministry of Finance) published the updated list of...

Hacienda and INS run to apply reduction in 2021 Marchamo

QCOSTARICA - The Ministerio de Hacienda (Treasury) is in the process of updating the...

Congress approves reduction in 2021 Marchamo

QCOSTARICA - As had been expected, Congress approved on Tuesday night the bill to...

Marchamo reduction enters crucial stage in Congress

QCOSTARICA - The race is for a reduction of the property tax of the...

Legislators, ministers, magistrates and others in goverment would pay the full 2021 Marchamo

QCOSTARICA - The members of the supreme powers such as legislators, ministers, magistrates and...

Poor households will receive about ¢15,000 a year in 2022 for the refund of VAT to the basic food basket

QCOSTARICA - Families in the 20% of poor households (those whose income is not...

Staying at home costs 13% more!

On October 1, the 13% Value Added Tax (Impuesto a Valor Agregado or IVA)...

Why would it be negative to establish a tax on bank transactions?

(QCOSTARICA) Passing new taxes proposed by the government of Carlos Alvarado on bank transactions...

This is how the tax on ATM transactions would work

(QCOSTARICA) Costa Rica president Carlos Alvarado on Thursday outlined the proposed new taxes that...

Netflix confirms Costa Rica users will charged VAT from October 1

(QCOSTARICA) Starting October 1, Netflix users in Costa Rica will see the 13% Value...

Global income tax? Legislators ask Carlos Alvarado not to waste time

(QCOSTARICA) Instead of promoting proposals that affect the economic reactivation and the image of...

President signs law that frees tourism of VAT for another year

(QCOSTARICA) President Carlos Alvarado, this Tuesday singed the law that exempts, for another year,...

Marchamo is a fair tax and “it makes no sense” to reduce it, says Minister of Finance

(QCOSTARICA) The Marchamo, the vehicular right to circulate, "is a fair burden and it...

Construction and tourism exempted from VAT for a year

(QCOSTARICA)  Legislators on Monday approved, in the first debate, two bills that exempt tourism...

Basic basket, rentals, water and electricity would be exempt from VAT for six months

(QCOSTARICA) With the aim of helping Costa Ricans who suffer the economic effects of...

Every colon counts for the 1.2 million Ticos hit by the VAT

(QCOSTARICA) The entry into force of the 1% of the Value Added Tax (VAT)...

Costa Rica got more expensive this morning, July 1

(QCOSTARICA) Starting from today, July 1, 2020, articles of the basic basket and agricultural...

Netflix, Amazon and other digital platforms will be more expensive on August 1

(QCOSTARICA) Either through the provider directly, or card issuers, Netflix, Tinder, Amazon and other...

Services and products would cost more in July

(QCOSTARICA) Tighten the purse strings, come July we can expect to pay more for...

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