More

    Costa Rica Must Get Off the EU Blacklist as Soon as Possible, According to Amcham

    AmCham calls on legislators to speed up the approval of the bill

    Must Read

    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The Costa Rican – American Chamber of Commerce (AmCham) celebrates the vote in its commission stage of an initiative that allows the country to leave the blacklist of non-cooperative countries in tax matters of the European Union (EU).

    AmCham considers that the draft law file No. 23,581, “Amendment to Law No. 7092, Income Tax Law to Achieve the Exclusion of Costa Rica from the List of Non-Cooperative Countries in Tax Matters of the European Union”, it is aligned with the requirements that the country needs to get off that list. The current text highlights the need to maintain the territorial rent system, an appropriate model for emerging economies that are net importers of capital and need to encourage local and foreign investment, as in the case of Costa Rica.

    Guide to Foreign Source Income Exemption Regimes

    At the same time, it complies with the technical elements mentioned in the Guide to Foreign Source Income Exemption Regimes. “In October will be the new review of the entity. If we do not take urgent measures and approve the necessary legislation, our country is risking losing foreign investment, said Silvia Castro, president of AmCham.

    In this regard, AmCham calls on legislators to speed up the approval of this bill, essential to help boost the economy, create jobs and improve the investment climate in the country.Now that the project has passed to the Legislative Plenary, we request that it be converted into a Law of the Republic before next September 8th, 2023, the date requested by the EU representatives themselves weeks ago, prior to their next evaluation to be carried out on the coming October.

    Relocate to beach work remote
    RESONANCE – Shifting Reality
    For those who have experienced shifts in consciousness and know that more peace, joy, and love awaits in a better living environment. A bold shared vision. A living community and hub for innovation. A sustainable ecosystem for living and working. A model for the new future.
    - Advertisement -

    Subscribe to our newsletter

    Get all the latest news, events, offers and special announcements.

    Latest News

    National Costa Rican Museum will Move 3 Large Pre-Columbian Spheres from Santa Ana to San José

    On the morning of this past Thursday, the transfer of three large pre-Columbian spheres will begin from the Matra...

    More Articles Like This

    Language »