Tuesday 23 April 2024

Possible Imminent Closure of Golfito Duty Free Will End The Savings

Paying the bills

Latest

Plastic bags are not going away (yet)

QCOSTARICA -- Different commercial and productive sectors in Costa...

Media outlets in Nicaragua not reporting news regarding Sheynnis Palacios

QCOSTARICA -- According to the Costa Rica based Fundación...

Can Microdose Mushrooms Boost Productivity? Find Out What Experts Are Saying

Microdosing involves taking a small, controlled amount—usually around 1/8...

“Respect for the division of powers” legislator tells President Chaves

QCOSTARICA - A call for respect for the division...

Carlos Alvarado: Populism is thriving in Costa Rica

QCOSTARICA -- On Wednesday, former president Carlos Alvarado (2018-2022),...

1960s Costa Rica

QCOSTARICA - The first indigenous peoples of Costa Rica...

Holidays left in 2024

QCOSTARICA -- Costa Rica just came off a long...

Dollar Exchange

¢497.44 BUY

¢503.70 SELL

20 April 2024 - At The Banks - Source: BCCR

Paying the bills

Share

The future of the Golfito commercial duty free zone is at financial risk of closing, the association of dealers and vendors denies the possible imminent closure announced by JUDESUR, administrator of the duty free zone. Photo from La Nacion
The future of the Golfito commercial duty free zone is at financial risk of closing, the association of dealers and vendors denies the possible imminent closure announced by JUDESUR, administrator of the duty free zone. Photo from La Nacion

QCOSTARICA – Those heading south to Golfito for the savings may be surprised to find the Depósito Libre Comercial de Golfito (Golfito Commercial Duty Free Zone) closed starting October 1.

Carlos Murillo, executive director of the Regional Development Board of the Southern Zone (JUDESUR), administrator of the Golfito duty free, said on Friday on Radio Colosal, the savings will end when the duty free trade zone closes its doors at the end of business day on September 30.

However, in a report by La Nacion, vendors and dealers belied the closure and that the commercial free zone is at (financial) risk.

- Advertisement -
Golfito is a small town set in the Golfo Dulce and has grown considerably thanks to the drive that has given the free zone, where you can buy tax-free.
Golfito is a small town set in the Golfo Dulce and has grown considerably thanks to the drive that has given the free zone, where you can buy tax-free.

According to Murillo, the closing is due the Ley Orgánica de Judesur (9.356) that went into effect on June 13 of this year, that lowers the tax paid on products, hence defraying the income of JUDESUR to administer the duty free zone.

“We have a gap between income and expenses, the situation is serious. We’ve been seeing it in the two months of the law. Not being able to meet (financial) obligations without disrespecting (breaking) the law, we have only to close our doors,” said Murillo.

Meanwhile, Susan Naranjo, advisor to the Asociación Concesionarios Depósito de Golfito (Acoldelgo), said the group rejects the technical closure.

“The operation of the Deposito will not be compromised, 5,000 families depend on it economically and it is not fair to speculate,” explained Naranjo.

Murillo added that on Tuesday there will be a meeting to define the actions to prevent the closing, such as filing an action with the Constitutional Court for an injunction against Ley 9.356 and restoring the original tax scheme.

Many say the savings are worthwile to make the 6-8 hour car trip from San Jose
Many say the savings are worthwile to make the 6-8 hour car trip from San Jose

For the longest time the Golfito duty free has been a favourite by many to shop for appliances, furniture, gifts, etc. at a usually much lower price that in retail stores across the country.  For many the 6 to 8 hour car ride to Golfito is more than savings, but an outing for family and friends.

- Advertisement -

Thousands of families in the area of Golfito, Osa, Corredores, Coto Brus and Buenos Aires directly depend on the operation of the commercial free trade zone.

- Advertisement -
Paying the bills
Rico
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

International airport in the South Zone would take tourism to another level

QCOSTARICA - Whale watching, beautiful beaches and bird watching would make...

Government promotes more investment in regions outside the GAM

QCOSTARICA - During the session of the Governing Council (meeting of...

Subscribe to our stories

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

Discover more from Q COSTA RICA

Subscribe now to keep reading and get access to the full archive.

Continue reading