Sunday 13 June 2021

Costa Rica Exonerates Millions of Dollars In Fuel Tax To Airlines

United Airlines parked at the gate at the Juan Santamaria (San Jose) airport

Q COSTA RICA – Costa Rica exonerated US$226 million dollars (¢128.501 billion colones at the current exchange rate) of the fuel tax on passenger and cargo airlines in the last five years.

The figure is from information requested from the Ministerio de Hacienda (Ministry of Finance).

- Advertisement -

According to a detail sent by the Deputy Minister of Revenue, Fernando Rodriguez, only in 2016 the exemption reached ¢30.182 billion colones.

From 2011 to last year, the annual exonerated amount grew 27% in nominal terms.

The single fuel tax was created in the Ley de Simplificación y Eficiencia Tributarias (Ley8114) – Tax Simplification and Efficiency Law, of July 4, 2001. The exoneration is established in Article 1.

“Excepted from the payment of this tax, the product intended to supply the airlines and merchant ships or passengers in commercial lines, all of international service,” states the legislation.

- Advertisement -

The Ministry of Finance indicated that currently 67 airlines benefit from this exemption, but due to the principle of confidentiality, the details of each exemption receive cannot be provided.

Tourism Minister, Mauricio Ventura, considers the exoneration essential for Costa Rica to maintain a competitive position, both to attract tourists and ensure Costa Rica’s positioning as a magnet for business.

The minister downplayed the amount, saying the exemption represents less than US$50 million dollars per year, equivalent to approximately 1.5% of revenue generated by tourism to the country.

Pablo Heriberto Abarca, president of the National Chamber of Tourism (Canatur), emphasized the exemption is why we have had success in attracting airlines.

For Rodriguez, “the exemption to airlines is an issue that must be assessed in the light of cost-benefit”.

- 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

Tourism sector feels in crisis despite increase in international arrivals

QCOSTARICA - Despite the improvement in tourist arrivals reported in May,...

Frances added Costa Rica to Quarantine On Arrival List

QCOSTARICA - France has added Costa Rica, in addition to Colombia,...

MOST READ

The US improves travel alerts for Central America; Not Costa Rica and Nicaragua

QCOSTARICA - The United States has eased travel advisories for most Central American countries, with the exception of Costa Rica and Nicaragua, according to...

Parking lots, a bull ring and shopping centers among the vaccination centers on Saturday

QCOSTARICA - Vaccination centers against covid-19 were transformed this Saturday to be able to vaccinate more people. Universities, civic centers, parking lots and even...

Bukele advisers tried to leave Costa Rica with false covid-19 tests

QCOSTARICA - Two Costa Ricans who advise the government of Salvadoran President Nayib Bukele were arrested this Tuesday at the Juan Santamaría (San Jose)...

Today’s Vehicle Restriction: June 6, “ODDS”

Today, Sunday, June 6, only ODDS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under...

Puntarenas is the only province with a covid-19 infection rate greater than 1

QCOSTARICA - Puntarenas is the only province in the country that has a contagion rate or "r" rate greater than 1. This is detailed in...

Direct flight will connect Guanacaste with Austin starting in November

QCOSTARICA - American Airlines announced that starting November 2, 2021, it will offer a direct flight between Austin, Texas and the Daniel Oduber International...

Planning to travel? You will only be certified as vaccinated if you received doses in Costa Rica

QCOSTARICA - Do you need a certificate of the COVID-19 vaccines applied in Costa Rica?  People who require a certificate that certifies the receipt...

Figueres wins the PLN presidential nomination

QCOSTARICA - Former president, José María Figueres Olsen (1994-1998), on Sunday, became this Sunday the presidential candidate of the Partido Liberación Nacional (PLN) for...

The U.S. and Democracy in Nicaragua

Q REPORTS (Council on Foreign Affairs) Democracy is being destroyed in Nicaragua. This has been the long-term project of Daniel Ortega, the country’s dictator,...

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.