Over the past two months the Costa Rican tax authority has closed more than 50 businesses around the country for various tax irregularities including late payment of tax and failure to provide receipts to customers.
This move is evidence of the government's commitment to improving tax collection and reducing fraud. Victims include Hallmark's 10 Costa Rican stores and Soda Chelles, the internationally known 24hr restaurant in San Jose.
The businesses face a minimum five day closure and may only reopen once they have resolved any outstanding issues with the tax authority, who also have the power to freeze bank accounts belonging to delinquent payers.
.Tags: tax | business | tax compliance | Costa Rica | compliance | penalties | retail | services | food | tax authority
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