Amnesty Proposed for Companies to Move Out of Informality

In order to facilitate the formalization of more companies, in Costa Rica the private sector has proposed to the government the implementation of a fiscal amnesty exclusively for the informal sector.

Thursday, June 14, 2018

The Costa Rican Union of Chambers and Associations of Private Enterprise (Uccaep), proposes that the tax amnesty be carried out avoiding retroactivity and reprisals, and that it has a short period of duration. 

Gonzalo Delgado, president of Uccaep, explained to that " ... this procedure would apply only to companies that have been operating informally, but would not include companies that had evaded or avoided taxes."

According to the union's proposal, " ... An amnesty should be considered as an invitation to the informal sector, socially, laborly, environmentally and fiscally - for a brief period, but avoiding retroactivity and retaliation - for those who take advantage of this benefit and integrate into the formal economy."

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