Costa Rica eliminates taxes in order to benefit farmers

The government issued a decree which simplifies procedures and provides tax exempts on agricultural supplies and equipment.

Monday, August 18, 2008

"This decree establishes very clear guidelines, very clear procedures and expands the opportunity for these groups to access equipment, machinery, but most of all this decree provides legal security to the business sector of Costa Rica through a very transparent process," indicated the Minister of Finance, Guillermo Zuñiga.

More on this topic

Status of Agricultural Sector in Costa Rica

May 2011

The Agricultural Sector has experienced the loss of hundreds of acres of various crops, factories and company closures, and the reduction of thousands of jobs in Costa Rica.

The National Chamber of Agriculture and Agro (CNAA), Upanacional and the Independent Smallholders' Union of Perez Zeledon (UPIAV) expressed on May 12, Farmer's Day in Costa Rica, there is not much to celebrate.

Nicaragua: Excessive Bureaucracy in Exemptions for Agriculture

January 2015

Producers are complaining about a lack of agility and excessive paperwork in the process to request tax exemptions for the purchase of equipment and farm machinery.

Agricultural producers argue that they can not easily access the exemptions for the purchase of equipment which is established in the recently passed Tax Act.

$50 million from CABEI to Banco Agrícola in El Salvador

June 2011

The line of credit will be designated to provide financial assistance to small and medium exporters.

The executive director of the Corporation of Exporters, Silvia Cuéllar, considered it a very good opportunity for SMEs, adding that it should enable favorable loan conditions.

Nicaragua: Streamlined Procedures for Exemptions

June 2011

The idea is to make it faster for farmers to perform the procedures required for tax exemptions.

At a time when high prices of raw materials worldwide would benefit producing countries such as Nicaragua, farmers are wasting hours of their time doing paperwork instead of being in their fields harvesting.

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