In Costa Rica, the Legislative Assembly approved in first debate a bill to avoid fines for errors in the declaration of the shareholders' registry for two months.
In its first debate, the file 21,758 Law of Moratorium for the Application of Sanctions corresponding to the ordinary declaration of the 2019 period, related to the transparency and final beneficiaries’ registry, provided for in the Law to Improve the Fight against Tax Fraud, was approved. The initiative gives an extension for shareholders of corporations to submit their lists, before applying sanctions, reported the Legislative Assembly.
In Costa Rica, a bill is in progress that contemplates eliminating fines for the first member of a cartel that recognizes and denounces to the authorities that has engaged in monopolistic practices.
As part of the bills for Costa Rica's entry into the OECD, deputies voted in second debate file No.
The Legislative Assembly approved a moratorium of three non-extendable months, in sanctions, arrears, interests, fines or any other sanctioning disposition, related to the collection of the value added tax, which became effective last July 1.
Taxpayers qualified by the Tax Administration as large national taxpayers and large territorial companies are excluded from this moratorium, explains a statement from the Legislative Assembly.
Seven years after Cofasa filed a monopoly complaint against Fischel, in Costa Rica the Commission for the Promotion of Competition decided to impose a fine of almost $19 million on the pharmacy chain.
Representatives of the Commission for the Promotion of Competition (Coprocom), informed that the fine imposed on Fischel is provisional, since the resolution is in the appeals phase, so it is not final and cannot be released figures or other aspects of the ruling.
In Costa Rica, the state power company will have to pay $112 million to the contractor of the Chucás hydroelectric project, for "additional expenses that it authorized and then refused to recognize."
In the ruling issued by the International Center for Conciliation and Arbitration (CICA), to which the company Enel Green Power Costa Rica appealed to resolve a conflict that originated in 2015 due to an almost $148 millionincrease in the Chucás hydroelectric project, which has not yet been completed, it was established that Instituto Costarricense de Electricidad (ICE) acted with "bad contractual faith".
For the fifth time since 2013 fines for hiring foreign agricultural workers to harvest coffee and other agricultural products will be suspended.
The government has announced that in January 2016 it will declare a further extension to prevent the collection of fines from companies in the agricultural sector employing foreign labor for the harvesting season.
The Italian company in charge of the 50 MW hydroelectric station Chucás has appealed the fine of $4.6 million imposed due to delays in the construction of the plant.
The hydroelectric project, which is being built in the format of Build, Operate and Transfer (BOT) in Atenas in Alajuela, has been delayed due to "external causes such as landslides caused by geological problems and flooding", explained the company to Crhoy.com .
The Disputes Tribunal has ordered a halt, temporarily, of the $4 million fine imposed on the Costa Rican Electricity Institute for engaging in monopolistic practices.
The fine imposed by the Superintendency of Telecommunications (Sutel) has been temporarily suspended, confirmed the Regulation director of the Costa Rican Electricity Institute (ICE) to Crhoy.com .
The Costa Rican State insurance company will have to pay $174,000 as a penalty for "improving any offer made by their competition to their customers."
The Antitrust Commission imposed a fine of 94 million colones ($174,000) on Instituto Nacional de Seguros (INS) in a case reported by the Superintendent of Insurance in 2011, a year after the opening up of the market.
In order to check the results declared at the close of 2013 the Treasury has expanded powers to obtain information from taxpayers.
An article in Nacion.com by Oscar Rodriguez reports that "In this period, which ends Sept. 30, the Treasury may apply for the first time in a full fiscal year, the rules given in fiscal transparency laws and strengthening tax management, approved in September 2012. " ... " Carlos Vargas, Director General of Taxation, acknowledged that the new powers will allow them to be more effective in the control of the information to state companies and people."
The Sutel has fined the company and given them a month to stop providing the service, for offering Internet services outside of the law.
The Superintendency of Telecommunications (Sutel) sanctioned the company IBW Comunicaciones, which provides mobile internet services under the brand name Japi, with a fine of $38,000 and ordered it to suspend services within one month.
In order to put into operation speed cameras on the highways, RACSA has requested $5,500 a month for each of the 90 cameras to be installed.
This would mean that every month the Road Safety Council (Cosevi) would have to pay $495,000, not to mention that in December it has to install 150 cameras, meaning it will need $825,000 per month for the monitoring system to work.
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