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 […]
Costa Rica News, Summarized in English and Linked to the Source
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 […]
The United States eliminated the Dry Foot, Wet Foot policy
The United States eliminated the policy that allowed Cuban citizens to obtain residency in the country, even after entering it illegally. The American country will now treat them as immigrants from any other nation. The United States eliminated the mechanism known as “dry foot, wet foot”, whereby Cuban migrants intercepted at sea were sent back […]
Carmen Naranjo Foundation wants to protect Costa Rica’s cultural legacy
Carmen Naranjo Foundation was born in January 2017. It aims to protect and transmit the cultural legacy of Costa Rican writer Carmen Araujo and provide opportunities for new generations. Carmen Naranjo was a Costa Rican figure known for her achievements in the literary field and her work in the public service. Among her works there […]