Costa Rica Could Quickly Become Most Taxed in Central America

794512-tax-time-ahead

On May 7, adjustments will be made to exclude from the list of products of the basic staple foods defined by decree last April 18 – tenderloin of beef, pork, T-bone, salmon, paella rice, risotto, shrimp, lobster, oysters, kiwi, peaches, plums, cherries and other fruits considered luxury, will pay 13% sales tax.

This is another measure taken by the government to generate more revenue. According to the statement of the Ministry of Finance, who sell these products and who are not enrolled in the Tax Administration will have to do it.

Are obliged by law to collect the tax and filing of May, within the first 15 calendar days of June. “those who break the law are liable to the penalties of law,” said Carlos Vargas, Director General of Taxation.

The Director General explained that they will have a period of three working days after the effective date of the decree, in accordance with Article 10 of the Rules of the Law of General Sales Tax, to register as taxpayers in sales.

The basic food basket’s tax items comprised do not have to pay 13% sales tax. With the changes will now have 228 products to provide information to tax payers.

The Department General of Taxation began this week an informative campaign,and made available to the public the list of exempted products on the web site: http://dgt.hacienda.go.cr (lists of public interest).

Government revenues from sales tax are the most important, 41% of the total collected in the month of March.

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