Costa Rica and the New Tax Plans

Under study in the Legislature are 26 bills involving new taxes, increases of some existing ones and redistribution of others.

Monday, March 27, 2017

An analysis piece by Nacion.com notes that the Legislative Assembly is currently considering 26 bills introduced during the current administration which in some way involve the issue of taxes.  "... Of the total projects, 50% are attempts to raise them or create a new type of tax or fees. "

The proposals, which do not include the bill on income and sales taxes proposed by the Executive Branch, range from an increase in the departure tax to creating a 3% tax on alcoholic beverages. With this initiative, currently being discussed in a special committee, the aim is to fund high-cost medicines used by the CCSS.

Nacion.com reports that among the bills that would raise or create a new tax, is the "...initiative to make telecom operators such as the ICE, Movistar or Claro charge companies like Netflix or Spotify for use of their infrastructure .... "

Among the bills in the Legislative Assembly that would redistribute a tax or change the destination of funds raised by them is the "...amendment to article 36 of Law No. 4,895 created by Corbana (No. 19,625) , " which proposes " ... making a fair redistribution of taxes paid per box of bananas. "

See list of projects in the article published by Nacion.com (In Spanish)

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

From Territorial Income to Global Income

September 2020

In order to tax the total amount of profits of individuals or corporations based in Costa Rica, regardless of where their profits are generated, a bill was submitted to the Assembly that seeks to amend the Income Tax Law.

Currently in Costa Rica a territorial income system is applied, which consists of taxing profits produced exclusively at the local level. If the Income Tax Law is modified, the situation could change.

Changes in Proposed Vacation Rental Taxes

March 2019

A 3% additional to the 13% VAT that was expected to be charged in Costa Rica as a tax on accommodation services provided through the Airbnb platform and other similar platforms was finally removed from the bill being discussed in the Legislative Assembly.

Bill 20.865 for the regulation of non-traditional hosting and its intermediation through digital platforms, which is discussed in the Legislative Assembly and determines the taxes to be charged for the activity, will be modified by the Economic Affairs Commission.

El Salvador: Law on fiscal "irresponsibility" Moving Forward

April 2015

Progressing through the assembly is a bill that aims to raise the tax burden from 15% to 18% over the next five years, without establishing limitations on expenses and borrowing by the state.

The initiative includes as fiscal target to reach a minimum gross tax burden equivalent to 18% of GDP, over a period of five years.

Progress on Approval of Tax Reform in Costa Rica

November 2011

After being approved by the Special Commission, the bill has moved on to the legislative plenary discussion.

The project aims to reduce the fiscal deficit, which currently stands at 3.2% of gross domestic product, and could be approved by the plenary of the Legislative Assembly before the end of the year.

 close (x)

Receive more news about Local Law

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Lombardi Aguilar Group

The firm currently provides services to individual and corporate clients in Panama as well in the Americas, Europe and Asia. Its partners maintain a commitment with professional ethics and social responsibility by participating in the board of directors of groups such as the Panama Bar Association, the German Chamber of Commerce and the American Chamber of Commerce (AMCHAM) of Panama.
Operates in Panama
Phone: (507) 3406447

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 30)
Brent Crude Oil
37.79
Coffee "C"
107.25
Gold
1,882
Silver
23.695