Friday 27 January 2023

Costa Rica scraps plan to tax lottery winnings

Lottery tax will not be a reality

Paying the bills

Latest

Costa Rica to normalize consular relations with Venezuela

QCOSTARICA - The government of Rodrigo Chaves will start...

Why do you have to be at airport 3 hours before?

QCOSTARICA - Two hours for a domestic flight and...

In Costa Rica: dollar collapses and prices remain high?

QCOSTARICA - The dollar exchange has fallen ¢32 colones...

Unemployment and cost of living are the main challenges in 2023

QCOSTARICA - The only way to alleviate the rise...

Refugees must apply within a month of arrival, warns Immigtation

QCOSTARICA - People seeking refuge in Costa Rica must...

Bivalent vaccine boosters against Covid-19 will arrive earlier than expected

QCOSTARICA - Bivalent Covid-19 vaccines for adults will arrive...

Women almost triple men in demand for medical attention due to stress

QCOSTARICA - High levels of stress affect men and...

Dollar Exchange

¢556.75 Buy

¢563.87 Sell

27 January 2023 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA – Legislators decided to file away a bill that sought a 25% tax on lottery prizes greater than ¢225,000 colones, a proposal from the current government.

This Tuesday the Committee on Legal Affairs decided unanimously not to proceed further with the proposal, which is part of the commitments made by the Government with the International Monetary Fund (IMF), for the loan of US$1.77 billion.

- Advertisement -

“We managed to stop the government project that sought to tax lottery prizes,” said legislator Franggi Nicolás, who has been reiterative that she will not approve any tax that affects the pockets of Costa Ricans.

It is estimated that the tax on lottery prizes would have generated for the Government an income of about ¢41.8 billion colones annually, equivalent to 0.12% of the gross domestic product (GDP).

No word yet from Casa Presidencial.

- Advertisement -
Paying the bills
Avatar photo
Q Costa Rica
Reports by QCR staff

Related Articles

Amazon and Microsoft payroll cuts fuels fears for the future of 18,500 Costa Rican workers

QCOSTARICA - The recent announcements of massive layoffs worldwide at Amazon...

Government will take measures against the drop in the dollar exchange rate

QCOSTARICA - Given the behavior of the dollar exchange rate, Costa...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.