American Expatriate Costa Rica

English-language news and information on Costa Rica

  • Home
  • Original Articles
  • News Reports
  • Book Reviews

Legislators approve moratorium for registration of shareholders

January 29, 2020 by Staff News Writer

Legislators approved with 39 votes in first debate this Monday a bill that suspends penalties in the registration of beneficial shareholders for 2 months.

The initiative, proposed by Pablo Heriberto Abarca, of the Christian Social Unity Party (PUSC) is intended to give more time for the public to learn of the obligation. According to Abarca, “it has been quite an ordeal for Costa Ricans to comply with the obligation to register shareholders.” For example, if someone makes a mistake, they are exposed to fines between 1.3 million and 45 million colones. He made the comments while calling the digital signature program a “collapsed system” and “unfriendly platform”.

The deputy clarified that the moratorium will only be applied on penalties and not on the system itself. Penalties are suspended for 60 calendar days, after which the fine is reduced to 50 percent for the month of April.

crhoy.com

Related articles:

  1. President asks legislators to approve eurobonds in exchange for austerity in spending
  2. Legislators welcome changes to project against tax fraud
  3. Legislators accepted to modify the Animal Welfare Bill
  4. Legislators approve law against nepotism in Congress
  5. Legislators approve bill on coastal territories
  6. Legislators approve project against animal abuse

Filed Under: News Reports

SIGN UP FOR AMERICAN EXPATRIATE IN COSTA RICA

It's free, we respect your privacy and you can unsubscribe at any time.

Connect with Social Media

  • Email
  • Facebook
  • RSS
  • Twitter
Follow @expatcostarica

Search Articles and News Reports

Articles by Publication Date

March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Apr    

News Summary

U.S. President Orders Navy Task Force to Caribbean to Counter Venezuela Threat

Costa Rica Government Silent on Travel Ban with Just 13 Days Left

News Summary

Legislators approve moratorium for registration of shareholders

President confirms gasoline give away for ethanol pilot project

Chinese company sells low cost smart phones in Costa Rica

Search continues for small plane missing in Drake

Farmers will march to the Ministry of Agriculture

IMN warns of dangerous UV radiation this Friday

Copyright © 2010 to 2023 · Link to Legal Notices and Privacy Policy