Taxes in Costa Rica
A corporation is an agreement or contract made by nationals or foreigners through which they mutually commit themselves to contribute capital (money, goods, etc.) in general to create a business. While it is true, it is not the only reason why people create a corporation, we must determine when it is necessary
We all want to have the property of our dreams: Excellent location, with comfort, quality and at a good price. We strive to take care of it, prune the garden, clean it and keep the roof in good condition, among other things; however, those are not the only tasks that
Last April 7th, Irene Campos, the Housing Minister submitted a bill for the consideration and discussion of the senators. This bill proposes three types of rent moratoriums (commercial and residential), as a measure to aid those who have lost or had their income reduced due to the COVID-19 sanitary crisis.
According to the latest guidelines promulgated by the Government, the Tax relief measures will be applicable to: a) VAT taxpayers, meaning people who sell assets or services. This includes: importers, exporters, and people subject to the simplified regime, as well as those who sell exempt assets or services. b) Taxpayer of the selective consumption
Costa Rican Congress is expecting to pass the bill 21.845, named “Tax Relief Law Due to COVID-19,” to establish a moratorium on payment of taxes for corporations as a result of the health crisis. With this proposal, the government is looking to ease the tax burden on taxpayers. Among the measures,
For the most part, people get extremely concerned when they hear the words recession, inflation or devaluation. Do not panic, all of these are natural stages of the economic cycle that every country has to go through over time. While it is important to have some knowledge in macroeconomics to