Archives for January 10, 2014

A cold wave affecting the United States is causing delays in the exportation and delivery of goods, especially to customers in New York and the northern zone of the country. Particularly affected are floral exports, which producers are now trying to unload in the local market. However, the majority of exports are unaffected as 80 […]

Four hundred and fifty officers of the security forces and monitor the “Tope” or horse parades at the Palmares Carnival, which will be held on January 16th and the 24th. Additionally, the Palmareña Civic Association, which organizers the event will monitor 16 surveillance cameras and erect six towers for police officers. Transit officers will be […]

According to the Banco de Costa Rica, 2 percent of corporations have paid the annual tax of ¢199,700 for active corporations and ¢99.850 for inactive corporations. The tax, which is due by the last day of the month must be paid or corporations risk being dissolved after three years. Unpaid corporate taxes can eventually become […]

With the new year, traffic fines have increased between ¢1,000 and ¢13,000, effective January 1st. The rate is equal to the annual adjustment in the consumer price index (CPI), which is 4.82 percent. Fines are rounded up, as is the case for the violating the vehicular restriction which increases from ¢20,000 to ¢21,000. The most […]

Back to school in Costa Rica comes with expenses as children need uniforms, text books and supplies. Employees in the public sector are subject to automatic payroll withholding, which is paid in the second half of January. Private sector employers are required to do the withholding when requested by the employee. Parents with child support […]