Beer imported from the US and Germany compete with with similar prices to those of local brands.
The entrance in effect of CAFTA-RD implied a tariff reduction of 15% to 11%, for U.S. beers. This tariff will be gradually reduced to 0%, at a rate of 1% per year. Currently, most imports come from Mexico and Nicaragua.
The Costa Rican Institute of Agrarian Development (IDA) is trying to charge this sum as the principal and interest on a debt acculumated through unpaid taxes.
IDA law establishes a tax of 5% on foreign and national beer and the differences in the manner of calculating the total amounts of previous years have motivated litigation and brought on the current situation.
Chicas Vilchez & Ruiz is a professional finance and accounting firm providing Auditing, Consulting, Outsourcing, and Tax services in El Salvador, Central America and the United States.
Operates in El Salvador, Costa Rica, Guatemala, Panama, Honduras and Nicaragua
Phone: (503) 2264 8069