Money
Time for Costa Rican Companies to Pay the Piper; Business Taxes Due in January
The Costa Rica News (TCRN) – By January, active companies and foreign corporations with branches or agents in Costa Rica must pay income tax on legal employees, which is ¢201,700 and ¢100,850 for inactive businesses.The amounts were established after...
Money
New Bill Will Award Green Companies Big Tax Breaks for Their Carbon Emission Conscious Choices
The Costa Rica News (TCRN) – A bill is being debated in Costa Rica Legislature that proposes to reward companies that reduce their carbon emissions with a 5% exemption on their income taxes. This is all part of a...
Money
Minimum Wage in Costa Rica Rose a Moderate 2.7% During 2014
The Costa Rica News (TCRN) – The minimum wage in Costa Rica grew moderately during 2014 compared to other Latin American countries.Wages rose 2.7 percent from December 2013 to September of this year, which was slightly higher than the...
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New Merger between Costa Rica’s Tigo and Telecable Will Increase Services for Customers
The Costa Rica News (TCRN) - Costa Rican cable company Millicom (Tigo) and Telecable have requested approval from Sutel to integrate, as reported through a press release.Norman Chaves, Tigo spokesman, explained that talks between the two companies began months...
Money
Attention Costa Rica Importers and Exporters: A VAT Hike is Imminent Over the Next 2 Years
The Costa Rica News (TCRN) - The Minister of Finance, Helio Fallas, has confirmed that a bill is on the horizon for the Value Added Tax (VAT), which will raise it to 14 percent at the first of the...
Money
Get Your Banking Done Now; Banco Popular Announces Their Holiday Hours
The Costa Rica News (TCRN) - Banco Popular has announced that all their offices will operate on a regular schedule until Tuesday, December 23. From this date they will be open at different times or totally closed, depending on their proximity...
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Moin’s Port Construction Will Provide 600 Jobs in the Beginning of 2015
The Costa Rica News (TCRN) - The construction of the new container terminal in Moin, through the Dutch company APM Terminals, will begin in January and during the first phase of the work they'll be hiring all kinds of...
Money
Need a Caffeine Fix? New Starbucks are Popping Up All Over the Greater San Jose Metro Area
The Costa Rica News (TCRN)- For Starbucks, Costa Rica has become an increasingly promising market, so much so that they have plans to open three or four new cafes in the Greater Metropolitan Area (GMA) of San Jose over...
Money
2014 Costa Rica Stats: Latin America Invested Almost Twice as Much Money in the Country as Last Year
The Costa Rica News (TCRN) - Of the total Foreign Direct Investment (FDI) received by Costa Rica during 2013, one-third now comes from Latin America, while ten years ago the region only represented about 18 percent of the total...
Money
Plan A Perfect Costa Rica Getaway Now!
The Costa Rica News (TCRN) - Truly, it's not at all difficult to plan a vacation to Costa Rica, but it is possible to automatically dismiss this option because of the associated prices. For people coming from overseas destinations,...
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Costa Rican Tourism Minister says Dollar Rate Will Not Change Next Year and Asks Businesses to Adjust Strategies
Tourism Minister William Rodríguez does not expect any changes in the dollar's value in Costa Rica in the coming...