CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Costa Rican Deputies Support Interim Tax Plan

Costa Rican Deputies Support Interim Tax Plan

by Mike Godfrey, Tax-News.com, Washington

16 December 2002


The Costa Rican Asemblea Nacional has approved an interim tax plan designed to reduce the country's fast-growing budget deficit, according to reports in the local media.

AM Costa Rica reported on Friday that the package, which includes new 'sin taxes' and luxury taxes, and provisions to tax casinos, online betting operators, and banks which maintain an offshore presence, was approved by a margin of 45 to 5, with only minority party, the Movimento Libertaria opposed to the plan.

According to the local news service, the interim tax package was amended slightly in order to include another small, non-deductible levy on corporations, and the slot machine tax was significantly reduced from $300 per machine per month to just $20.

When the plan went before the full assembly earlier this month, Rolando Lacle, President of the national assembly urged politicians to act quickly, warning that if it was not approved, the government would be forced to cut road programs, hold the line on salaries, and increase import duties in order to reduce the deficit.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »