American Expatriate Costa Rica

APM Terminal will pay almost ¢14 billion in taxes every year

The opening of the Container Terminal of Moin (TCM), which is managed by APM Terminal, not only represents progress in terms of competitiveness and new jobs, it will also provide billions of colones in taxes for the state.

As explained by Kenneth Waugh, director of APM Terminals, they are not exempt from paying taxes, on the contrary, their obligations will represent some ¢13.8 billion each year, that is, $22.3 million, once the terminal is operating at 100%.

Another payment that the TCM must meet-every 12 months is the canon for operations to Japdeva, whose amount is 12.4 billion colones.

This amount is broken down as follows:

-Income Tax: $19 million / ¢11.76 billion per year
-Contribution to audit (National Council of Concessions): $2 million per year / ¢ 1.23 billion per year
-Municipal Patent: $1.3 million colones / ¢ 805 million per year

The amount for concessions corresponds to an auditing process that must be done to TCM.

The first part of the work consists of a 432-meter dock, six Super Postpanamax gantry cranes and a maneuvering area with 450 meters in diameter, artificially sheltered from the currents so that the boats can load and unload.

With this equipment and facilities, it has a capacity to handle four thousand containers of refrigerated cargo. The remaining phases, denominated 2B and 3, would increase the attention capacity in Moín.

Waugh explained they estimated that a day without normal operations implies losses of about $100 thousand for the country.

crhoy.com