Costa Rica: 40% in Tax Infraction

In 4 out of 10 businesses inspected in the provinces of Puntarenas, Guanacaste, Heredia and Alajuela, the Ministry of Finance detected some degree of tax noncompliance.

Friday, July 10, 2015

According to authorities, in March of this year 51% of businesses in Guanacaste and 49% in Puntarenas had fiscal irregularities. During June in Guanacaste the proportion of errors rose to 53% and fell to 44% in Puntarenas.

Crhoy.com states that "...non-delivery of invoices is still the major fault. Any business that does not issue invoices is exposed to a penalty equivalent to two base salaries, as provided in Article 85 of the Code of Tax Rules and Procedures. "

"... If the business repeats this behavior, they are exposed to a sanction of closure of the business establishment by for calendar days."

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