Monday 24 February 2020

Q COSTA RICA NEWS, Travel, Tourism, Vacation, Living in Costa Rica, Expat Focus, Entertainment

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) -...

Tax Police Perform First Operation In Shops To Verify VAT

Retail stores in the Mall San Pedro were one of the first to get...

Moratorium On VAT Sanctions Approved

In typical Costa Rican fashion, on the second day of the implementation of the...

The VAT is not the end of the world

Each home is different. However, the entry of the Value Added Tax (VAT) will...

Three Month Moratorium On VAT Sanctions

The Ministerio de Hacienda (Treasury) announced on Friday a three-month moratorium on "sanctions, arrears,...

Exporters in trouble for VAT will get an extension

The permit that the exporters have to buy without the Value Added Tax (VAT)...

ATV and TICA Systems will be out of service this weekend

The Ministry of Finance (Ministerio de Hacienda) said ti will suspend this weekend the...

“Costa Rica would lose tourism competitiveness due to new requirements”, business sector

A charge of US$15 to tourists who want to enter Costa Rica, as proposed...

Renting A Car In Costa Rica Will Be More Expensive On July 1

With the implementation of the Value Added Tax (VAT) on July 1, 2019, renting...

Costa Rica is on the verge of adopting one of its biggest changes in taxes

Starting July 1, 2019, the economic life of Costa Rican households and businesses will...

Hard blow to tourism in Costa Rica

Two aspects included in the Plan Fiscal (tax reform) would hit tourism, making services...

Getting married (and even divorcing) will be more expensive on July 1

If you are planning on getting married (or divorcing), celebrating a birthday party, anniversary...

The ‘Netflix Tax’ Will NOT Start On July 1; Amazon To Be Excluded From The VAT

Services such as Uber, Airbnb, and Netflix, among others,  will continue without the 13%...

According to proposal, Airbnb would pay 13% VAT

According to PLN legisaltor Roberto Thompson, it is almost a fact that the Airbnb...

Consensus coming closer on taxing digital economy

(BNamericas) Nearly 130 countries have agreed on a global roadmap proposed by the Organisation...

High Consumers Of Electricity and Water Would Pay The VAT

On July 1, the current sales tax (impuesto de ventas in Spanish) will be...

Costa Rica Consumers Will Have To Pay The VAT On Cross-border Services

Sounds like something very technological. The words 'cross-border services' (servicios transfronterizos in Spanish) in...

Businesses to be fined if they do not accept plastic

Although not as common as it used to be, a business not accepting plastic...

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