Costa Rica: Single Tax of 15% on Financial IncomeIf the Treasury's proposal succeeds, interest on bank deposits would incur 8% to 15%, while for revenues generated by mutual funds, the tax would rise from 5% to 15%.Thursday, March 19, 2015
This unification is due to the fact that currently there are different taxes for similar types of income, therefore the tax is not neutral, according to the CEO of Taxation. In the case of surplus cooperatives and solidarity associations, the project proposes "... Keeping the current tax of 5% for amounts of income less than minimum wage exempt from tax. " Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Changes in Income TaxMarch 2015 The reform under public consultation includes tax on remittances sent abroad, on the payment or crediting of interest, commissions and other financial expenses by natural or legal persons domiciled in Costa Rica. Nicaragua: Tax Increase for Non-resident InvestorsDecember 2014 With the reform to the law on Tax Concentration non-resident investors in the country will have to pay 15% instead of 10% on income earned from capital. Costa Rica: Details of Anti Tax Evasion BillAugust 2014 Limiting the deduction of interest from income tax and eliminating the exemption from payment of 15% for dividend distribution between companies are part of the changes included in the project. New Taxes Approved in El SalvadorAugust 2014 As part of the tax reform promoted by the government a tax has been approved on financial transactions and changes have been made to income tax.
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