Money

The Institute for Social Assistance (IMAS) explained that before the tax of 30% that is charged to motels, they are preparing a new regulation in conjunction with the Ministry of Finance which will oversee these facilities better and be...

While the government, led by President Laura Chinchilla and economic team leader Luis Liberman, celebrate the "good economic results," the Central Bank shows projections will be in 2013.The figures are clear for 2012 showing a sharp economic slowdown, but...

The Economic Commission for Latin America and the Caribbean (ECLAC) projected that the country's current account closed 2012 with a deficit of 2,383 million, representing 5.3% of gross domestic product (GDP), similar to that achieved in 2011.According to ECLAC,...

Last week the business sector in Costa Rica highlighted the economic growth of Costa Rica in 2012, but urged the Government to reform in order allow greater private power generation companies to reduce their cost.The Costa Rican Union of...

Although exports grew at 7.8% this October, the growth rate is not the same as 2011 when the sales of Costa Rican goods grew 8% in relation to 2010.This slower growth rate is due to the global crisis experienced...

During the first half of the year there was big growth in imports, while for the second half growth slowed, this is reflected in domestic sales taxes and customs sales and domestic consumption resulting from the overall slightly slower...

The study from Deloitte for the fourth quarter 2012 consulted 132 major companies currently with operations in Costa Rica and revealed that over 57 % disapproved of this administration management of the country.Just over 31% said were neutral, neither...

US Tax Payers with accounts get compliance date pushed ahead to 2014The Law on Foreign Account Tax Compliance (FATCA, Foreign Account Tax Compliance Act), designed to curb evasion of US tax payers with accounts at financial institutions both within...

Costa Rica exports continue to grow: The PROCOMER Export Report (January 2012 to September 2012) which is the number of exported goods from Costa Rica to the world.The total exports of goods rose by 8.4 percent over the same...

Costa Rica's government announced today that Deutsche Bank and chose to Citigroup as banks responsible for the placement of foreign bonds known as "Eurobonds" by up to 4,000 million dollars.Costa Rican Vice Minister of Public Credit, Juan Carlos Pacheco,...