American Expatriate Costa Rica

President insists on approving the tax reform

On Wednesday, Luis Guillermo Solís gave his speech of accountability for the third year of administration. He did so in the Plenary Assembly of the Legislative Assembly before legislators, diplomatic corps, magistrates and government ministers.

The president reiterated the need for Costa Rica to approve the projects of Value Added Tax and the reform to the law of the Income Tax.

Those two taxes have kept Solís awake since he sent the bills to the Congress. On Wednesday afternoon, in the Plenary, he sent a new message to the legislators.

The country still need that you, legislators of the Republic, grant the missing instruments to achieve the necessary fiscal governance,”

said the President minutes after starting his speech with a general message to the country about the economic recovery achieved by his administration.

The legislators have stated that before discussing taxes, they must resolve the issue of rationalization of wage rates in the public sector, known as the public employment project.

Solís warned the legislators to speed up the discussion of the issue, as the country requires fresh resources.

As time goes by the country will require a tougher fiscal adjustment, with serious consequences for the entire population, especially due to the increase in the interest rates they will have to pay for their credits,”

said the president.

In the extraordinary sessions that ended on April 30th, the Executive Branch took the original project to zero support and presented a plan B, which has not been well accepted by the different legislative factions.

crhoy.com