Costa Rica: NO to VAT Increase and YES to Lower Public SpendingThe productive sectors are pointing out the negative effects of the planned increase from 13% to 15% in Value Added Tax, and insist on the need to resolve the fiscal problem by cutting state spending.Tuesday, November 18, 2014
According to representatives of the productive sector, an increase in Value Added Tax (VAT) will have a negative effect on the economy. For the food industry, the 15% rise could result in the closure of production plants and an increase in informality among businesses. Source: elfinancierocr.com ¿Busca soluciones de inteligencia comercial para su empresa?Tax Reform: First StepDecember 2018 Alvarado administration celebrates the approval of the tax reform in Costa Rica by announcing a series of initiatives that include, among other things, a public employment reform Project. Costa Rica: Global Income and VAT in Proposed Tax PlanJune 2014 Replacing Sales Tax with VAT, applying a system of global income and maintaining exemptions in free zones are part of the projects being prepared by the government. 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. Increasing Criticism to Tax Plan in Costa RicaOctober 2011 Unions and business associations are insisting that the economy will be damaged if the proposed tax reform is approved by the Executive.
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