Saturday 25 June 2022

Gas Stations Back Off On Threat After Quick Action By Ministry of Finance

All is cool again, consumers can continue to pay their fuel purchases with a credit or debit card. Of course, cash is always good.

Paying the bills


National Roads Have A Year Without Maintenance

QCOSTARICA - Today, Friday, June 24, marks an exact...

President Rodrigo Chaves declines intitation to World Cup in Qatar

QCOSTARICA - President Rodrigo Chaves revealed that he declined...

How much does it cost to go to Cocos Island for a tico?

TODAY COSTA RICA - The treasure that makes Costa...

Astronaut says UFOs in US could be time travelers

Q24N (El Tiempo) After two high-ranking US defense intelligence...

Petro discusses reopening borders with Maduro

QCOLOMBIA – Colombia’s President-elect Gustavo Petro Wednesday announced he...

Gasoline tax increase will be frozen for six months

QCOSTARICA - In addition to the drop announced in...

CCSS announced that it entered the final stage of review and analysis of computer equipment

QCOSTARICA - The Department of Information and Communication Technologies...

Dollar Exchange

¢689.88 Buy

¢695.55 small> Sell

25 June 2022 - At The Banks - BCCR

Paying the bills


All is cool again at the country’s gasoline stations. The threat of not accepting credit and debit cards starting today as announced Monday night was called off thanks to the “prompt” reaction by the Ministerio de Hacienda (Ministry of Finance).

This morning, Tuesday, José Miguel Masís, executive director of the Asociación de Expendedores de Combustible (Association of Fuel Expenders), representing the majority of the gasoline stations in the country, confirmed that the Ministry of Finance acknowledged the error and ordered the banks to suspend the withholding tax on net sales.

- Advertisement -

“There was a very important action of the Treasury, ordering banks to suspend the withholdings so obviously there is no interest of service station (owners) to affect consumers. The issue was more a protection of finances due to the high levels of retention to which they were being subjected to,” he said.

Monday night, gasoline station owners affiliated with the Asociación decided to keep available the option of paying with a credit or debit card – in addition to cash – giving time for Hacienda to correct the error.

Earlier in the day,  the gasoline station owners had complained about the withholding tax and had threatened not to accept cars as a form of payment, that until the error was fixed, it would be cash only.

The error by the banks was in the interpretation of the Ley de Simplificación y Eficiencia Tributarias (Ley 8114) – Law of Tax Simplification and Efficiency.

The banks, for an unspecified time, had been withholding from 6% to 9% on payments made with a credit or debit card, when the Ley 8114 exempts the application of sales tax on the sale of fuel at the retail level.

Ley 8114 already applies a single tax on fuels, whose taxpayer is the  State refinery, the Refinadora Costarricense de Petróleo (Recope).

- Advertisement -
Paying the bills
"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

Approved a reduction of ¢102 diesel and ¢2 in super and regular gasoline

QCOSTARICA - The Autoridad Reguladora de los Servicios Públicos (ARESEP) -...

Liter of Super will be ¢1,062 on Thursday, June 9

QCOSTARICA - On Thursday Costa Rica wakes up to a historic...

Subscribe to our stories

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