Sunday, 9 August 2020

Hard blow to tourism in Costa Rica

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

The 2018 Marchamo Explained (Q&A)

This is the last week of the week for more the owners of more...

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...

If you get an email with subject “factura electrónica”, careful, it could be a scam

With the age of the “factura electrónica” - electronic invoicing or digital invoice - ...

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...

Residential Landords Must Provide Electronic Invoices Starting September 1

Property owners renting a room, an apartment or a house, even if it is...

29 Products Removed From The Basic Basket And Must Pay The 13% Sales Tax

Soon, possibly as early as next week, a total of 29 products will no...

Beware Of Shops Double Taxing: IVA + IVI

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

Costa Rica got more expensive this morning, July 1

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

The VAT is not the end of the world

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

Philip Morris International Will Stop Producing Cigarettes in Costa Rica

The Mendiola & Compañía, a subsidiary and 100% owned by Philip Morris International (PMI),...

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...

Costa Rica and Mexico Abolish Double Taxation

On March 21, Ley 9644, the income tax treaty with Mexico, which avoids the...

Used Electric Vehicles To Be Exempt From Tax

In an effort to limit the emission of polluting gases, the government signed on...

Three Month Moratorium On VAT Sanctions

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

Hacienda publishes a list of VAT exempted

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

According to proposal, Airbnb would pay 13% VAT

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

Reforma Fiscal (Tax Reform) Now Law!

It didn't take days to publish the Reforma Fiscal (Tax Reform) passed in second...

Moratorium On VAT Sanctions Approved

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

Electric Cars A Reality In Costa Rica As Tax Exemption Ready To Be Applied

At least four new car dealers are ready to bring more electric cars to...

Consensus coming closer on taxing digital economy

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

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...

‘Corporations Tax’ Amnesty For 90 Days

From September 1 to December 1, companies can take advantage of an amnesty to...

Construction will become more expensive with tax reform

With the entry into force of the Value Added Tax (VAT) - Impuesto al...

One Step Closer to a Tax Reform

The Costa Rican Legislature has accepted a fast track bill that would transform the...

“Tax on Luxury Homes” And “Corporations Tax” Is Approaching

Owners of luxury homes - for 2019, homes valued at more than ¢131 million...

What Happents To Property Of Dissolved Corporations For Not Paying The ‘Corporations Tax’??

In less than two weeks, on September 1, the 'Corporations Tax', (Impuesto Personas Juridicas...

Three Families Receive A Quarter Of Government Spending On Rent

Five corporations (Sociedades Anominas or S.A.s'), controlled by three families, receive 24% of the...

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...

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...

Taxation Evaluating Asking The U.S. For Information On Airbnb Hosts in Costa Rica

Although Airbnb has offered to collect the sales tax for transactions made on rentals...

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