Small Business Fiscal Reform in Costa Rica

Costa Rica News – The “Hacienda” submitted a motion for a substitute text that would save small companies from paying value added tax on their rentals in the latest adjustments to the tax reform meant to help the critical situation of public finances.
Advisors from various parties filed motions against the tax plan. The Ministry of Finance presented its final version with a substitute text motion on Tuesday. It incorporates some of the variations of text brought to attention last Thursday.
One of the last minute changes would allow a greater amount of micro and small companies to be completely exempt from the 13% VAT on rent. While the previous version allowed the exemption for companies with income under ¢106 million, the latest version allows it for any

... continue reading article from Costa Rican Times, Click to go there.

Leave a Reply