NO to Financial Transaction TaxIn Costa Rica, the Alvarado administration would be considering the creation of a tax on each transaction that a person or company makes through a financial entity, a tax that will discourage savings and motivate people to use cash.Thursday, September 17, 2020
In order to discuss a medium and long term credit with the International Monetary Fund, the Costa Rican authorities would be planning to design and create a new tax, which consists of each person paying a tax of ¢3 for every ¢1.000 in the transactions they make through a bank, finance company, mutual fund, stock exchange or any other financial entity. Source: elobservadorcr.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need detailed information on the financial sector? Contact UsNeed assistance? Contact us
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More Taxes, Again the Easy WaySeptember 2020 In order to access the $1.75 billion credit requested from the IMF, the Costa Rican government proposes to tax financial transactions, increase the tax on the profits of companies and individuals, and increase the tax on real estate. Costa Rica: Restrictions on Banking TransactionsMarch 2017 Companies that make or receive international transfers for amounts of over $50,000 per transaction will have to indicate the origin of the funds. Costa Rica: Bank Account Numbers to be UpdatedMarch 2016 17-digit customer account numbers will be replaced with a global code which will facilitate international transactions and interbank deposits.
Costa Rica: Banks Facing Tax ReformApril 2015 In its comments on the bill on income tax and sales reforms currently under public consultation, a request has been made that financial institutions be subject to a system of global and not published income.
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