Costa Rica: Effects of VAT on Construction CostsEmployers say the value added tax of 13% on services will raise end prices of buildings by between 4% and 8%, and propose a differential rate for the sector.Thursday, October 30, 2014
The Costa Rican Chamber of Construction (CCC) states that the construction of a dwelling requires other services such as electricians, plumbers, metalworkers, architects, engineers, and others, which will eventually transfer this 13%, impacting the final cost. Source: Crhoy.com ¿Busca soluciones de inteligencia comercial para su empresa?Entrepreneurs in Favor of Value Added TaxFebruary 2013 The Costa Rican Union of Chambers and Associations of the Private Business Sector is proposing that the current sales tax becomes the Value Added Tax. New Tax Reform Being Studied in Costa RicaNovember 2012 In circulation is a "light" version of the tax plan that failed in the Costa Rican Legislative Assembly, which would impose VAT on a financial basis and not on physical incorporation. Chamber of Commerce Against Tax ReformNovember 2011 According to the Costa Rican Chamber of Commerce goods and services and therefore consumers will be the biggest losers if the tax reform is approved. Fenosa increases tax on Nicaragua's electricity consumersJuly 2008 Nicaragua's leading electricity distributor, Spain-based Unión Fenosa, is to increase the value-added tax (IVA) paid by its customers from 7 percent to 15 percent.
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