Yesterday, the Costa Rican press confirmed that parking spaces for vehicles in Palmares cost between 5000 to 15,000 colones. In vacant lots and even in backyards, the locals take the opportunity to earn extra money and survive January. Elías Segura is one of those people. He also has sodas and water for his customers for […]
Archives for January 2017
Costa Rica supports end of “wet foot, dry foot” policy
The Government of Costa Rica expressed satisfaction with the decision taken by US President, Barack Obama, to repeal the “wet foot, dry foot” policy, which gave preferential treatment to Cuban immigration since 1996. As reported by the Ministry of Foreign Affairs, this policy encouraged an irregular massive flow of Cuban migrants through Central America, which […]
Costa Rica is analyzing documents on Nicaraguan compensation issue
Next week, the issue of the $6 million compensation requested to Nicaragua for environmental damage to Calero Island would be greenlighted. According to the Foreign Ministry, these days they are in the process of assessment documents by the country and they would be revealing the details next Monday. Nicaraguans had until December 16th to pay […]
Basic rate increased to 4.55%
On January 12th, the basic passive rate (TBP) rose 20 basis points, reaching 4.55%, according to data released by the Central Bank on its website. Now the indicator is 10 basis points higher than the figure shown in the first week of the year. Last year, the basic rate reached the lowest levels of the […]
Treasury processed 2,300 complaints over vehicle ownership tax
The Ministry of Finance processed 2,300 complaints over the tax value calculated for vehicles, which affected the collection of the vehicle ownership tax (or marchamo 2017). According to Marieta Montero, director of Administrative and Tax Assessments, all claims were processed and resolved before December 30th. This year it was very easy. We use the rule […]
Association: Government seeks to discourage online purchases
The Free Consumers Association believes that the amount of taxes established by the Ministry of Finance for online purchases are implemented in order to discourage people from buying on the Internet. Erick Ulate, president of the association, said these taxes are collected illegally by the Treasury because there is a law that states that when […]