Sunday, 7 June 2020

Tax Police Perform First Operation In Shops To Verify VAT

Retail stores in the Mall San Pedro were one of the first to get a visit from the Policía de Control Fiscal (PCF) or Tax Police, to check on shops to verify they are applying the Value Added Tax (VAT).

The visit Thursday morning is the first audit of this type that takes place since the tax went into force on Monday, July 1.

The operation is of things to come, part of the government controls to ensure the tax is applied to both goods and services.

- paying the bills -

“The operation was born as a first step to verify that, effectively, with the entry into force of the VAT the shops are applying it as it should be, in this case we are reviewing absolutely everything, the part of the VAT and the tax part of each commercial premises, that is, business registration, health permit and the license to for the activity they have registered is actually the one that is being carried out in the commercial premises,” Irving Malespín, director of PCF, told AmeliaRueda.com.

According to Malespin, prior to the operation the officials had intense training to carry out the surprise inspections, not only on the VAT but to detect any other type of tax irregularity.

“This is the first, but it will not be the last, we already have a plan from here to the end of the year that will take us, not only to all the shopping centers, but to a number of stores in general, so that we all are in rule,” explained Malespín.

“It is a comprehensive work, in addition to VAT, we want to go further and see what kind of infractions these people may be committing (…),” he added.

- paying the bills -

On Thursday, legislators approved unanimously the bill for a three month moratorium on VAT sanctions, that is, taxpayers found to have made a mistake will not be fined for their error, so long as it is not a major error or there was intent to evade paying the tax or defraud the tax department.

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

Ministry of Finance ensures that the government can fulfill all its obligations

The Ministry of Finance (Ministerio de Hacienda) has a deep commitment...

World Bank approves project to modernize Costa Rica’s Finance Ministry

The World Bank Board of Executive Directors approved a US$156.64 million...

MOST READ

Back on the beach!

Michele Simmons posted this photo on social media of her first boat trip back at work on The Bibanga Yacht!!! ....Fabulous morning on the beach...

Why doesn’t Costa Rica join Panama?

Rico's Digest - As many of you who follow me know I am an avid reader of Quora. I enjoy the daily digest that...

Peru unveils phase-two economic reopening despite ongoing pandemic

(Q24N) Peru's President Martin Vizcarra on Thursday announced the second phrase of its economic reopening amid the country's ongoing COVID-19 pandemic, which registered 4,284...

Tourist buses will return to the street under vehicular restrictions

(QCOSTARICA) After almost 3 months without being able to circulate, the transport units (big buses, small buses, minivans, etc) dedicated to tourism services ("turismo")...

Coronavirus in Costa Rica: 34 new cases, total infected to June 5 is 1,228

After days with significant increases in new cases of COVID-19, this trend was maintained this Friday, as 34 more new cases were registered. The total...

Tourists must fill out an epidemiological form to enter the country

(QCOSTARICA) Starting next July 1, the entry of tourists to Costa Rica could be resumed. Given this, the country is already working on new...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.