Authorities from the Ministerio de Planificación, Hacienda, Inder y Casa Presidencial presented the bill “Costa Rican Regional Development Law”. This proposal aims to tackle social problems that cause poverty, and to redesign regional public policies.
However, what some legislators disagree with, is that in order to achieve those goals, the creation of a new tax is needed, which will hit Costa Rican’s pocket.
To finance this initiative, backed by the EUROsocial program from the European Union, the project proposes the creation of funding sources with an assessment of 0.02% on financial transfers made through SINPE over ¢100,000.
This means that for every ¢100,000 withdrawal, transfer or deposit made through Sistema Interbancario de Negociación y Pagos Electrónicos, an additional ¢20 will be charged in order to fund the program currently studied by the Asamblea Legislativa.