Friday, 27 November 2020
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Poor households will receive about ¢15,000 a year in 2022 for the refund of VAT to the basic food basket

QCOSTARICA - Families in the 20% of poor households (those whose income is not enough to cover basic needs) in the country will each receive about ¢15,000 a year as a refund of the payment of 1% to the Value Added Tax (VAT) starting...

Legislators bury possibilty of posponing VAT on basic basket

The bill presented on June 11 by the government to postpone the Value Added Tax (VAT) on basic basked items is still under consideration, despite the tax takes effect today, July 1.

Costa Rica got more expensive this morning, July 1

(QCOSTARICA) Starting from today, July 1, 2020, articles of the basic basket and agricultural supplies will have a 1% Value Added Tax (VAT), and other changes that apply to some construction and tourism services, and an increase of one percentage point in the income...

Services and products would cost more in July

(QCOSTARICA) Tighten the purse strings, come July we can expect to pay more for rice, bread, beans, the pet products and even to buy a house. This is because it was established that in July month the Value Added Tax (VAT) would go into effect...

29 Products Removed From The Basic Basket And Must Pay The 13% Sales Tax

Soon, possibly as early as next week, a total of 29 products will no longer be included in the "canasta basica" (basic basket) and will be subject to the 13% sales tax. Their removal, says the Ministerio de Hacienda (Finance Ministry) is because they...

Costa Rica Reports Lower Inflation During February

In the second month of the year, the year-on-year change in the Consumer Price Index (CPI) was 1.5%, below the 2.2% increase recorded in February 2018. During February, the goods and services with the greatest positive effect were: automobile, primary education and junior high school....

Costa Rica Annual Inflation to April 2016 is -0.92%

QCOSTARICA - In April, the consumer price index fell by 0.09%, putting annual inflation at 0.92%, and inflation accumulated so far this year stands at -0.17%. The groups with the greatest contribution to the CPI in April 2016 were: Transport and Furnishings, housing and domestic...

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