Amazing what a Good Tax Advisor Can Achieve

On average in Costa Rica more than one in five companies classified as Large Taxpayers do not pay taxes.

Friday, November 20, 2015

When the Tax Department does not fully complete its duties, competition between companies is settled not by the quality of products or services, or for the excellence of its managerial staff and their strategic direction, but for the ability of their tax advisors to reduce the amount of taxes paid.

From a statement issued by the Comptroller General of the Republic:

22% of large taxpayers declared zero income tax

The Department of Supervision of Financial Management System issued DFOE-SAF-IF-04-2015 reports details of Large National Taxpayers declarations to the Directorate General of Taxation, Ministry of Finance, regarding the control and collection of taxes on profits and sales, in the fiscal years from 2010 to 2014.

In terms of tax revenue, the group of large taxpayers contributed on average 70% of total domestic tax revenue of the Central Government in the period under study. Proper management carried out by the Tax Administration on this group of taxpayers must be effective in order to ensure that the control and collection provides a return commensurate with economic capacity.

Read full report (in spanish).

More on this topic

Costa Rica Improves Anti Evasion Controls

November 2016

The Directorate General of Taxation has hired an external service that cross matches taxpayer data in public databases to identify suspicious patterns that might suggest misconduct.

The project called Predictive Model started to be implemented by the Ministry of Finance of Costa Rica this year, and aims to analyze the behavior of firms and individuals in order to identify suspicious or unusual patterns in the process of declaration of income and tax payments.

Honduras: Tax Audit for Large Companies

July 2014

An announcement has been made that 34 large companies suspected of tax evasion will be audited by foreign experts.

From an article on the web site of the Department of Revenue (DEI by its initials in Spanish):

International auditors to monitor 34 large companies that are evading the DEI

Bank Secrecy for Large Taxpayers Under Threat

July 2014

The Ministry of Finance of Costa Rica is contemplating lifting bank secrecy for large contributors who declare minimal gains or losses on their tax returns. reports that "... after finding an increase in the number of companies reporting losses, the Large Taxpayers Department began implementing a new methodology for that group and found evidence that there may be information unreported by companies. "

Employers are Demanding Fiscal "Fair Play"

June 2012

In Honduras, representatives from private companies request that the names of 34 large taxpayers who are allegedly evading paying their taxes be made public.

The president of the Honduran Council of Private Enterprise (COHEP), Aline Flores, has called for the publication of the names of large companies that are allegedly evading their tax obligations.

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