The main political parties running in the upcoming presidential and legislative election point to the need for tax reform.
Johnny Araya, candidate for the Partido Liberación Nacional, believes what should be done is to "create a National Tax Agency (NTA), to improve collection, as a decentralized agency of the Treasury, with a special procurement regime. Study the decentralization of the Customs Department, for tax collection and national security purposes . Promote tax adjustments, justified not only by the deficit but by the current low relationship between the tax burden and GDP ", reported Financierocr.com.
New taxes for businesses in free zones contained in the draft fiscal amendment, are bringing insecurity and threatening the investment climate.
The tax advantages that have made Costa Rica an attractive country for foreign investment could disappear with the approval of a tax package pact agreed between the ruling party and the opposition Citizens Action Party.
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