Wednesday, 30 September 2020

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...

Reduction in 2021 Marchamo proposed

This week, two bills were presented in the Legislative Assembly this week with the...

Minister of the Presidency: ‘No new taxes on Friday’

(QCOSTARICA) "No new taxes will be announced on Friday," said the Minister of the...

All commercial leases are exempt from VAT for April, May and June

All commercial leases are exempt from Value Added Tax (VAT) for the months of...

Tomorrow Deadline To Declare And Pay Income Tax Without Penalty

Anyone who has carried lucrative activities or businesses in the country, between July 1...

World Bank approves project to modernize Costa Rica’s Finance Ministry

The World Bank Board of Executive Directors approved a US$156.64 million investment project for...

Costa Rica To Tax Cement

Costa Rica's Legislative Assembly approved in first debate a bill that seeks to tax...

U.S. Beef and Pork With No Duty to Costa Rica

As part of the Tratado de Libre Comercio (TLC) - Free Trade Agreement - ...

Costa Rica Has Some of the World’s Highest Taxes

The government of Carlos Alvarado is about to impose a 40.5% tax on the...

Treasury Proposes Tax Grab On Online Services

The Ministerio de Hacienda (Ministry of Finance) proposes to charge the 13% Value Added...

Costa Rica’s Capital Gains Tax Is The Highest In The Region

Costa Rica's capital gains tax is the highest in the region, and one of...

It’s Marchamo Time!

The mandatory Marchamo - annual vehicular circulation permit - for 2020 for the 1,560,343...

More Corporations (Sociedad Anónimas) Close in Costa Rica

In the first nine months of 2019, 4,715 Corporations or Sociedad Anónimas were closed,...

Owners of new electric cars can save up to 65% on the 2020 Marchamo

The collection of the 2020 Marchamo (vehicular circulation permit) is around the corner, typically...

New VAT Payment Scheme for Agribusiness

From October 1, Costa Rican producers and suppliers in agricultural and fisheries work will...

Tax Benefits of Agricultural Producers Registry

On September 2, Costa Rica began the registration of individuals and agricultural producers who...

How much did prices go up during the first month of the VAT?

The year-on-year increase in consumer prices reached 2.89% during July, the first month of...

President asks Hacienda to explain the impact of VAT on fuel prices

Costa Rica President, Carlos Alvarado, asked officials of the Ministry of Finance (Ministerio de...

Ticos say they will sacrifice fast food and beer because of the VAT

Jonathan Jiménez likes his beer. Every quincena (pay weekend) he spends between 20 and...

Hacienda publishes a list of VAT exempted

The Ministry of Finance published on Thursday, July 10, the list of entities that...

Beware Of Shops Double Taxing: IVA + IVI

Be alert of retail stores of charing the Impuesto al Valor Agregado (IVA) -...

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