In David, Howard, Colon and Rio Hato the minimum monthly fee for renting spaces to sell duty free clothing, jewelry, and prepared meals will be $30 per square meter and 10% of the gross sales from the premises.
Tocumen SA has revealed that in the case of premises dedicated to selling crafts and antiques the price will be $20 per square meter, as indicated by the decision of 24 October 2014, published in the official newspaper La Gaceta.
A proposal has been made to change the tax exemption bracket from over $30,000 to $120,000 and for the rate for amounts above that figure to be set at 0.25%.
Although the process of cadastral appreciation in the capital city was suspended in November 2013, the private sector claims that the rule remains in effect and proposes amending it in order to minimize the impact of appraisals in the payment of property tax.
A bill aims to tax properties of any value that either do or do not have constructions on them, and which do not have a specific use anywhere in the country, declaring them "luxury goods".
The proposed law states that "... property for recreation, leisure or rest, with or without construction or under construction, regardless of its value or location , such as houses, lots, plots, villas located in beaches, lakes, mountains or the city ... "will be taxed at 1% on the assessed value established for the property.
The creation of a Register of Shareholders in Costa Rica aims to control the payment of tax on transfer of real estate.
Analysts say that if the purpose of the creation of the Register of Shareholders was the fiscal control of a commercial act geared towards commercial companies with specific characteristics, simpler ways could have been devised to achieve it, rather than creating a general obligation for all corporations.
The Single Property Tax and the Tourism tax on Hotels and exits and entrances to the country is to be collected by the Tax Authority (SAT).
Siglo21.com reports view the head of the SAT, Miguel Gutierrez, said the SAT would collect the taxes on behalf of the Municipality and Inguat, and that they would not go into the state’s common fund. "The proceeds would be returned to entities upon retention of a percentage. They will also serve to make a cross check of information. "
A bill under discussion, that would exempt or establish the removal of property tax paid by farmers, might violate the provisions of the FTA with the United States, Central America and Dominican Republic.
According to an article in Elfinancierocr.com, among other accusations against the approval of this project, the Technical Standards Body (ONT) at the Ministry of Finance, "emphasized their concern that the partial tax reduction to be received by farmers is a waiver in disguise that would go against what was negotiated by Costa Rica as part of CAFTA. "
The recent package of tax regulations passed in Guatemala includes modifications in determining the taxable value for the sale of a property.
In an article in Prensa.com the consultant Manuel Salguero states that "The consequence of these new laws and reforms will be having to pay more money in taxes for the purchase of housing solutions. The impact to property values will be seen in the short term, because prior to this houses have usually been declared as much less in the registry, and buyers and sellers adjusted their values to this small amount of taxes ."
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