Costa Rica to Introduce Tax Reform

The project includes sharp increases in consumption taxes and cutting public spending.

Monday, January 17, 2011

The government plans to introduce the fiscal adjustment plan to the National Assembly over the course of the week.

"The adjustment plan, though the term has been carefully avoided by the president Laura Chinchilla, has as focal point an increase in Sales Tax from 13 to 15%, extending it to services such as private health and education as wells as reducing exempted goods from 300 to only 50," reports an article in AFP.

More on this topic

Costa Rica: Constitutional Tribunal Rejects Tax Reform

April 2012

The Sala IV has rejected the tax reform bill that was approved in the first instance in Congress, citing procedure errors in the legislative treatment.

The court decision means, in principle, that the bill that the government calls the "Solidarity Tax" will be returned for consideration by congressional representatives and it will therefore be at least another four months before it can be approved.

How Taxation May Change in Costa Rica

October 2011

The political agreement reached between President Chinchilla and the opposing party Acción Ciudadana (Citizens Action) may ensure the speedy adoption of the tax package. published an instructive analysis of the likely impact of the tax plan promoted by the government and currently under consideration in the Costa Rican Legislative Assembly, where it has been give a "fast track" status.

Political Agreement on Tax Reform in Costa Rica

September 2011

The items to be introduced are: global income, world income, and municipal taxation on dividends distributed to companies operating in free zones.

The Chinchilla administration has agreed to make changes to its tax package in order to gain the support of the main opposition party for approval.

Costa Rica's Government Insists on Tax Reform

May 2011

The President Laura Chinchilla is insisting on tax reforms to mitigate the high fiscal deficit.

Standing against the government's position, the President of the Legislative Assembly and opponent Juan Carlos Mendoza, says the initiative that has been submitted does not have the necessary support to be passed.

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