Until April 26 will be in public consultation the regulations of the Income Tax Law in Costa Rica.
From the Ministry of Finance statement:
April 12, 2019. As was done with the first proposal of the regulation to the Law of Value Added Tax (VAT), the Ministry of Finance made available on its website, the first draft of the project "Modifications and Additions to the Income Tax Law Regulation", which regulates Title II of the Law to Strengthen Finance, No. 9635, of December 3, 2018.
Until April 2 will be in public consultation in Costa Rica the regulations of the Value Added Tax Law, which incorporates the changes of the first proposal disclosed on January 29.
This is the second consultation carried out, since on January 29, 2019, the proposal for "Regulation of Title I of Law No.
Regulations of the Value Added Tax Law in Costa Rica are in public consultation until February 4.
From the Ministry of Finance press release:
January 29, 2019. With the aim of achieving the greatest possible citizen participation in the implementation process of the Law to Strengthen Public Finances, from today, Tuesday, January 29 and until next Monday, February 4, the Ministry of Finance will have available to the public the proposed "Regulation of Title 1 of Law No. 9635 of December 3, 2018, called "Value Added Tax Law" (VAT).
The new Minister of Environment and Energy in Costa Rica is opposed to the Diquís project, which the state electricity company has been promoting for ten years, and which consists of building a hydroelectric generation plant in Puntarenas.
While the new leaders of the Costa Rican Institute of Electricity (ICE) announced their intention to refloat the project, which due to unconstitutionality appeals filed against it has remained on paper for years, the Ministry of Environment and Energy has declared its opposition, stating that "... there are no studies or other assessments on the social and economic impact that justify the declaration of national convenience given to the project a decade ago."
If the proposal put forward by the Superintendence of Telecommunications is successful, the rates for telephony and mobile internet will be free of regulation.
The proposal to declare effective competition in the mobile phone market will put to public consultation for the next 15 days.
If the Sutel's proposal is approved, on December Costa Rica will eliminate the tariffregulation for the international telephone, internet and postpaid cellular telephony markets.
From a statement issued by the Superintendency of Telecommunications (Sutel):
Transfer pricing and double taxation are two of the topics covered in three bills to reform regulations which the Ministry of Finance has put to public consultation.
One of the proposals is the bill on "Informational declaration of transfer pricing".Crhoy.com explains that"...This empowers the tax authorities to check that transactions between related parties are valued at prices similar to those that would be agreed between independent parties in comparable transactions. "
The draft decree establishes minimum and maximum prices for certain presentations of national and imported products.
From a statement issued by the Ministry of Economy, Trade and Industry:
Starting from Monday 27 June, the Ministry of Economy, Industry and Commerce (MEIC), will be holding Public Consultations for the amendment of Executive Decree No. 38884-MEIC, which seeks a reduction in the price of milled rice for end consumers.With this modification the price of milled rice sold in the country will be established temporarily and gradually.
Public consultation is being carried out on the methodology for calculating tariffs for power generation from solid waste.
The drop in oil prices and high operating costs are not the only obstacles to projects generating energy from waste in Costa Rica. Now the Regulatory Authority of Public Services is calling for a public hearing in order to "start writing" a methodology, ordinary and extraordinary, that will determine the reference rates for power plants using municipal solid waste.
A proposal has been made to extend the concept of real estate development funds to cover public and private projects for all types of infrastructure.
If the reform to the General Regulations on Management Companies and Investment Funds is approved, any investment project, from building houses to hydroelectric stations, will be able to be financed and developed through a special investment fund, that fund which would be called the Fund for Investment Infrastructure Projects.
On January 12 public consultation will begin on the regulation which includes a new methodology for setting the rate for access to the network for self supplying producer-users , under a scheme using simple net metering.
From a statement issued by the Public Services Regulatory Authority (Aresep):
The regulations under consultation include new methodology for setting the rate of the user-self producer accessing the distribution network, under the scheme of simple net metering.
From a statement issued by the Public Services Regulatory Authority (Aresep):
The government's proposal sets 40 goals which should be completed by 2021, focused on broadcasting, e-government, spectrum, the broadband digital divide and infrastructure.
From a statement issued by the Ministry of Science, Technology and Telecommunications (MICITT):
The Ministry of Finance has postponed until April 17 the deadline for companies to make their comments on the draft legislation reforming income and sales taxes .
Originally the deadline for providing comments on the tax proposal was March 27, but at the request of several sectors it has been extended until April 17, according to the chief of Finance, Helio Fallas.
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