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Costa Rica’s Latest Export: Beef to the United Arab Emirates
The Costa Rica News (TCRN) - Costa Rica that has been authorized to export beef to the United Arab Emirates, but still lacks a health certificate to fulfill the agreement, said an official source.Authorization was granted by the Ministry of...
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New Imported Rice Tax Increase Actually Lowers Prices While Strengthening Domestic Producers in Costa Rica
The Costa Rica News (TCRN) - Domestic Costa Rican rice producers are applauding the government's decision to increase tariffs from 35% to 62.06% on imported milled grain, a measure that will benefit both consumers and domestic suppliers.The safeguard proposed...
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Costa Rican Restaurants Unite to Reduce Food Industry Packaging Waste
The Costa Rica News (TCRN) – In the last nine months, 76 restaurants have joined the Returnable Container Campaign introduced by nature association, Terra Nostra, whose goal is to reduce disposable containers used by restaurants.The director of Terra Nostra,...
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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...
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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...
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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...
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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...
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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...
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Tradition, Passion and Pride: Costa Ricans Conquer Turkey With Their Folklore at a Prestigious Cultural Festival
The group "Inspiraciones Costarricenses" is proudly representing Costa Rica at the 26th edition of the Büyükçekmece International Festival of...