Costa Rica: Tax on Cement

A bill that is being discussed in the Legislative Assembly proposes establishing a tax of 5% on the net sale price of imported or locally produced cement.

Friday, March 2, 2018

The bill establishes that "... the tax on cement produced within the national territory or imported, will be of five percent (5%) on the net sale price, both in the case of the national producer at the level of the production plant and for the importer at the level of the dispatch or storage site, excluding the corresponding sales or value-added tax, as well as any other tax".

In this regard, Randall Murillo, Executive Director of the Costa Rican Chamber of Construction, opined that "... this legal initiative will place more equitable rules in the cement market.'Fair competition will be supported by the Chamber'."

In relation to the destination of the funds collected from the tax, a statement by the Legislative Assembly explains that they will be distributed "... between different provinces and cantons of Cartago, Guanacaste, Desamparados, places where this material is produced, while the rest of the country will also benefit, what is collected from production, in any of the other provinces not considered in the previous articles, will be distributed in the form of twenty-five percent (25%) for the canton where production occurs and the remaining seventy and five percent (75%) in equal parts for the cantons of the respective province'."

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More on this topic

Costa Rica: New 5% Cement Tax

March 2020

The Legislative Assembly approved in second debate a bill that aims to tax in the country the sale and self-consumption of imported or locally produced cement.

The initiative, which was approved in the first debate in the Assembly in mid-February and is still pending approval by the Executive Branch, establishes that the tax will be on imported cement produced nationally, in bags or in bulk, for sale or self-consumption, of any kind, whose destination is the consumption and marketing of the product nationally.

Costa Rica: 5% Tax on Cement

February 2020

The Assembly approved in first debate a bill that seeks to tax the sale and self-consumption of cement that is imported or locally produced.

The initiative establishes that the tax will be on cement imported and produced nationally, in bags or in bulk, for sale or self-consumption, of any kind, whose destination is the consumption and marketing of the product at the national level, reported the Legislative Assembly.

Costa Rica: More Taxes on Property Transfer

September 2015

The Ministry of Finance is proposing to rise to 5% and 3% the taxes on the transfer of vehicles and buildings, respectively.

The government continues to seek alternatives in light of the possibility of the Legislature not approving the bills introduced to raise revenue. The new proposal is to raise taxes "...

Tax on Cement Production in Costa Rica

April 2012

A legal reform will end tax exemptions on cement produced in the provinces of Alajuela, Limón, Heredia and Puntarenas.

A statement from the Legislative Assembly reads:

CEMENT PRODUCTION TAX PAID

The Standing Committee on Financial Affairs has approved the bill number 18164, by which is introduced an amendment to the 6849 Act that relates to the tax of five percent on the cement produced in Cartago, San Jose and Guanacaste.

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