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A new tax for Costa Ricans?

March 6, 2017 by Staff News Writer

The Constitutional Court found no problems in the text of a new law that would force Costa Ricans to pay another tax.

After this unanimous decision by the judges, the Legislative Assembly has open doors for the second reading of the bill in the coming weeks.

But what is it about and who has to pay for it?

This tax will apply for all legal persons and corporations, whether they are limited or not, registered or to be registered, branches or foreign companies, representatives and individual limited liability companies, as well as collective companies.

All these companies will have to pay a percentage of a base salary, depending on the gross income of the company in a year. The higher the income, the higher the amount to be paid once a year to the National Registry of Property, only through the Bank of Costa Rica (BCR).

90% of the proceeds will go directly to the Ministry of Public Security (MPS) for police delegations improvements, and equipment purchase and maintenance.

5% will be allocated to the Ministry of Justice and Peace (MJP) to finance the General Directorate of Social Adaptation.

And the remaining 5% will be invested in the Judicial Investigation Organization (OIJ) to deal with organized crime.

The resources cannot be used for the payment of remunerations, overtime, travel expenses or transportation in and out of the country or management and support services.

crhoy.com

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