Money

American Company Will Close its Operations in Costa Rica to hire more People in the United States

The company Oberg Medical will close its operations in Costa Rica so it can hire more people in the United States. Oberg will lay off this year a total of 153 people who work in its manufacturing plants in...

Costa Rican ranchers are trained to better manage risks on their farms

An alliance between the National Insurance Institute (INS), the Ministry of Agriculture and Livestock (MAG), and the Livestock Corporation (CORFOGA), has enabled farmers throughout Costa Rica to be trained for better managing risks on their farms, as well as...

Digital Services that Will Pay VAT from October was Reduced

From 108 to 19 was reduced the amount of cross-border digital services with which the collection of the Value Added Tax (VAT) for said sector will begin, as of October 1. The General Directorate of Taxation, of the Ministry of...

Citizens Support Costa Rica’s Development Model Amid Economic and Health Crisis

The impact derived from the health emergency caused by COVID-19 on the country's economic situation is undeniable, but even in this context; citizens recognize the importance of Costa Rica continuing to invest in infrastructure, health, and education. This was revealed...

Costa Rica is Ranked Second in Latin America with Regards to Social Progress

Costa Rica ranks second in social progress within Latin America, according to the Social Progress Index (IPS) prepared by the Social Progress Imperative organization. The country, with 83.0 points out of 100, is 37th in the world and is...

Increasing the Income Tax and Taxing Bank Transfers are the Government Proposals to the International Monetary Fund

Temporary increases to the sections of Income Tax for individuals and legal entities, and the imposition of a tax on all bank transfers made in the country will mark the proposal in accordance with the International Monetary Fund (IMF),...

Hotel Association Requests to the Government a Controlled Opening of Casinos within Its Accommodations

The Hotel Association of Costa Rica sent a letter to government authorities in recent days, urging the opening of the casinos that are located inside their lodgings. While hotels can open with a capacity of 100% and 50% for...

Costa Rica Among the Countries with the Lowest VAT in Latin America

After Netflix had to rectify how much Value Added Tax (VAT) it would charge Costa Ricans, it made it clear that taxes are higher in other latitudes where they offer their services

How Can Costa Rican Companies Operating in Australia Find the Top Criminal Record Check Services?

In July 2016, a man in New Zealand was found to have funneled hundreds of thousands of dollars from the company's funds to his private account. Guess what? 10 years ago, he defrauded his former employer of over $1...

Are There Products for which I Will Pay less Tax? Know the Possible Changes in the Basic Goods and Services Basket

Cleaning products, personal hygiene and school supplies will be included in the basic goods and services basket (official list of products), as long as they are goods consumed primarily by at least 30% of the households with the lowest...
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More Than 40 Tourism Companies and Organizations to Gather at the 6th San Jose Tourism Expo Fair

The 6th San Jose Tourism Expo Fair 2026 will bring together more than 40 companies and organizations linked to...