Sunday 26 September 2021

President Solis Looking To Revive ‘Corporations Tax’

Paying the bills

Latest

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this...

UNA epidemiologist: “We are not better, we are less worse”

QCOSTARICA - The fact that the number of infections...

Today’s Vehicle Restriction September 26: “ODD” ending plates CANNOT circulate

QCOSTARICA - For today, Sunday, September 26, vehicles with...

Canadian airlines will start flying back to Costa Rica on October 2

QCOSTARICA - Four Canadian airlines will resume their flights...

8-year-old boy dies abruptly of covid-19

QCOSTARICA - An eight-year-old boy who had no risk...

Vaccinations face unfounded fears over AstraZeneca dosages

QCOSTARICA - The goal of immunizing 500,000 people over...
Paying the bills

Share

corporate-taxes
QCOSTARICA – “We are reluctant to approve any tax right now, because we feel that the government has no moral authority to ask Costa Ricans for more, especially after a wasteful budget,” were the words of PUSC legislator Johnny Leiva on President Luis Guillermo Solis’ bid to revive the ‘corporations tax’.

The government argues the revenue from the a new corporations tax would fill the financial hole left with the decision by the Constitutional Court last January, eliminating the tax established by the previous government.

Although the Court struck down the 2010 law, it did allow the government to collect for the 2015 calendar year, meaning no corporations tax starting in 2016.

- Advertisement -

The Ministry of Finance says that for this year it was able to collect ¢30 billion colones, so that the cancellation of the tax will leave a large gap in public finances.

The corporations tax required all active corporations to pay an annual tax equivalent to US$300 dollars; inactive corporations would be required to pay half.

Although the PUSC party is against any new tax, other political parties like the Movimiento Libertario, Frente Amplio and the PAC are willing to discuss the initiative.

For their part, according to legislator Antonio Alvarez, the Liberacion Nacional party (PLN) – whose government brought introduced the corporations tax – is waiting on the new text that defines, among other things, the amount of the tax, before it would decide.

Source: Larepublica.net

- Advertisement -
Paying the bills
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

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado, announced this...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this weekend, keep...

Subscribe to our stories

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

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.