Costa Rica: 8% Tax on Dollar Securities

The 8% tax applies to securities issued in US dollars as of April 22.

Monday, April 27, 2009

The measure is part of the Article 22 reform of the Law on the Protection of Victims and Witnesses, which came into effect on April 22. This rule applies to securities issued from that date onwards. It does not apply to those already in circulation.

In relation to the reform of the article, la Nación published: "In practice, this means that a person who wants to buy a certificate in US dollars or government securities in US dollars will face the tax."

More on this topic

Panama: New Regulations for Stock Market

October 2016

The National Assembly has passed a law which creates the National Securities Commission and regulates securities and OTC negotiations.

From a statement issued by the National Assembly of Panama:

The full National Assembly approved on its third reading Bill No.

New Securities Market Law for Costa Rica Under Consultation

December 2013

Direct access to trading platforms and the rise from 5% to 8% of the tax on mutual funds are some of the changes proposed by the bill.

The draft of the new bill, proposed by the National Council for Market Development, will be subject to public consultation with the stock market and financial sector from now until January 31, 2014.

Costa Rica: Stock Market Reforms Discussed

August 2011

The Chairman of the Central Bank believes that the regulations need to be modified.

As part of the ‘Jornada de Reflexión’ (Day of Reflection), organized by the National Stock Exchange in commemorating its 35th anniversary, a discussion took place on the major changes that need to be made to the market in order to make it suit the prevailing reality in global financial markets.

Regulation of the Securities Market in Panama

February 2009

The challenges that the National Securities Commission must confront to comply with its mission of regulation and control of the Panamanian securities market.

Tagnia Shocrón, of Laestrella.com.pa, interviewed Julio Javier Justiniani, a former banker, who was recently appointed vice-president commissioner of the National Securities Commission.

 close (x)

Receive more news about Local Law

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Stock Indexes

(Jul 21)
Dow Jones
-0.15%
S&P 500
-0.04%
Nasdaq
-0.04%

Commodities

(Jul 21)
Brent Crude Oil
48.31
Coffee "C"
140.1
Gold
1,255
Silver
16.470