Monday 21 June 2021

Costa Rica To Tax Soft Drinks At Distributor Level

Image for illustrative purposes only.
Image for illustrative purposes only.

QCOSTARICA –  Starting on March 1, the Ministry of Finance in Costa Rica (Ministerio de Hacienda) will charge sales tax on soft drinks at the distribution stage and not in the final bill to consumers.

With this measure, Hacienda aims to improve the control and revenue from the sale of soft drinks. For the consumer, soft drinks should not include sales tax at the time of purchase.

- Advertisement -

The General Department of Taxation (Administración Tributaria in Spanish) under the Ministry of Finance, believes that it is easier to collect from distributors, given the manufacture and distribution of soft drinks is concentrated in five major companies.

In contrast, more than 10.000 retailers sell these products, making it harder the proper collection, monitoring and auditing” of the sales tax.

Hacienda says that many are small retailers are registered in the simplified taxation regime, “thus are not required to issue invoices,” said Pablo González, tax expert with ICS Abogados.

The measure also aims to harmonize taxation procedures for calculating the sales tax with a profit margin for the soft drinks which are imported and domestically produced, in order to be consistent with the principles of tax equity and national treatment, according to Hacienda.


- Advertisement -

Among the leading producers or importers and distributors of soft drinks in Costa Rica: FEMSA (Coca-Cola, Fanta, Sprite, Fresca, others), Florida Bebidas (Pepsi, Mirinda, 7UP, others), Ajecen del Sur (Big Cola and others).


The change implies that distributors and retails incur additional cost to make the change to the tax structure on these products.

- 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

Cynthia Ann Telles named new U.S. Ambassador to Costa Rica

QCOSTARICA - Today, U.S. President Joe Biden announced his nomination of...

Simple to request certification of vaccines against covid-19 applied in Costa Rica and abroad

QCOSTARICA - The Ministry of Health issued a new guideline on...

MOST READ

Diseases, weather and low prices hit the orange sector in Costa Rica

HQ - The appearance of pests and diseases, in particular the 'dragón amarillo' (yellow dragon), the impact of the weather and a sharp drop...

Today’s Vehicle Restriction June 14: 1 & 2 CANNOT circulate

Today, Monday, June 14, vehicles with plates ending 1 & 2 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Companies covered up defective asphalt

QCOSTARICA - The judicial file of the Cochinilla Case, on alleged corruption in road works, exposes how three companies would have covered up the...

Ortega government accuses imprisoned opponents of receiving money from the United States to overthrow him

TODAY NICARAGUA – The Nicaraguan government assures that the imprisoned political opponents detained on charges of “inciting foreign intervention” are “usurpers” financed by the...

Construction companies that paid alleged bribes would be disqualified for ten years

QCOSTARICA - If it is proven in a final judgment that they did pay bribes to Conavi officials, several companies could be disqualified from...

Today’s Vehicle Restriction June 17: 7 & 8 CANNOT circulate

Today, Thursday, June 17, vehicles with plates ending 7 & 8 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Central America is back in the news for the wrong reasons, Costa Rica is once again the exception

QCOSTARICA - Osta Rica has been the epicenter of regional diplomacy in recent days. The successive visits of the Secretary of State of the...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...

Nathalie Álvarez Mesén’s feature debut, Clara Sola, ready for the Cannes Directors’ Fortnight

Q ENTERTAINMENT (CINEUROPA) Nathalie Álvarez Mesén’s debut feature, Clara Sola, is ready to take part in this year’s Directors’ Fortnight at the Cannes Film...

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.