Free Zones are Exempt from Real Estate Taxes and Land Taxes

deputies to approve
deputies to approve

Avoiding any confusion regarding the exoneration of taxes in favor of the Free Zones, motivated the deputies to approve today in the second debate, a project that clarifies that the companies located under said regime, will not have to pay even real estate taxes, nor land taxes.

The initiative is essential at a time when it is necessary to boost the economy and generate employment. The Coronavirus has left a serious impact, including possible unemployment of up to 20%, according to estimates by business chambers.

TIP: Get our latest content by joining our newsletter. Don't miss out on news that matter in Costa Rica. Click here.

“For years there has been confusion between the real estate tax and the land tax, which after all have the same connotation; however, this exemption provided for this special regime for attracting investment and jobs is not currently applied uniformly in all municipalities and Free Zones,” said deputy Luis Fernando Chacón.

Resonance Costa Rica

LIKE THIS ARTICLE? Sign up to our newsletter and we will send you updates of our latest content as soon as they are available. Click here.

VIABeleida Delgado
Previous articleCosta Rican Women With Nature Conservation Projects Will Be Able To Access Credits of up to ₡ 10 Million
Next articleEndless Violence, Official Complicity and Media Silence The Taking Away of Indigenous Peoples Ancestral Lands in Costa Rica
Creating a Conscious alternative news network that we feel the world needs. Pura Vida!