Wednesday, 25 November 2020
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Marchamo reduction enters crucial stage in Congress

QCOSTARICA - The race is for a reduction of the property tax of the annual circulation permit, the Marchamo, to be approved into law before November 1, the date on which the Government will begin to collect this tax. To achieve this, on Wednesday legislators...

Banks must provide Treasury with data on foreign individuals and companies

(QCOSTARICA) All financial entities, ie banks, cooperatives, etc must deliver to the Treasury information of the bank accounts of all their foreign clients. Banks are obligated to report, at the end of each year, the name, address, tax residence, IBAN account number and the balance...

Carlos Alvarado denies solidarity tax on wages of ¢500,000

This Thursday morning, before meeting with legislators at the Museo de Niños (Children's Museum), the Minister of Finance announced that the government will propose the creation of a solidarity tax on both the wages of the private and public sector employees to help finance...

The VAT and UBER

Rico's TICO BULL - "We remain committed to the country," reads the headline of the email Uber sent its customers on Monday, July 1, with the start of the Value Added Tax (VAT) or Impuesto de Valor Agregado (IVA) in Spanish. "At Uber, we consider...

Sala IV Orders Treasury To Reveal List of Tax Debtors

Costa Rica's Sala IV (Constitutional Court) ordered the Ministry of Finance (Treasury) to reveal the list of tax debtors, including the names and amounts of the individuals and legal entities that owe money to the Treasury. The Court considers the information public access, as stated...

Property tax on vehicles will decrease 8% for 2019

The owners of 2,391,602 vehicles will feel a relief when paying the property tax on the vehicles for 2019. The Ministry of Finance announced a decrease of 7.76% less over 2018. The property tax on vehicles is payable by December 31 each year, and included...

Ministry of Finance Toughens Stand Against Income Tax Fraud

The Ministerio de Hacienda (Ministry of Finance) seized the machinery of the company Representaciones Artísticas Mayfa S. A., a company dedicated to the manufacture of wooden pallets. The seizure (embargó in Spanish) was to recover a little more than ¢1.053 million colones in tax arrears...

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