More

    New Bill Seeks to Eliminate Dividend Taxes for Costa Rican Corporations

    Must Read

    Stronger measures will be taken against contempt of social quarantine standards

    Public Security Minister Michael Soto said that they are already coordinating with...

    Bureaucratic Red Tape Seriously Delays Major Public Works in Costa Rica

    The Minister of Public Works and Transport (MOPT), Rodolfo Méndez, has made serious observations to the mechanism that is used in expropriating land for infrastructure works

    More Than 139,000 Citizens Are Still Waiting to Receive the “Bono Proteger”

    To date 139,100 Costa Ricans have been waiting for the “Bono Proteger”...
    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The Costa Rica News (TCRN) – Deputy Otto Guevara Guth introduced the legislative bill No. 19,274, entitled: “Elimination of Tax on Dividends” which aims to repeal all tax dividends for any commercial companies and forms of company organization authorized by national legislation.

    The profits generated by corporations are taxed with income tax. When these distributed dividends or similar contributions are taxed on dividends of 5 or 15%, depending on whether they have legal person shares that were quoted on the stock exchange.

    Guevara says this is inconvenient, since it discourages the distribution of profits among partners, prevents the development of the capital market, and leads companies to seek alternative mechanisms to distribute dividends, including “dirty” financial statements.

    “The dividend tax discourages the creation of new businesses and entrepreneurs, especially if the idea is to seek investment through equity placements within the Costa Rican public. Successful countries like Ireland have eliminated the tax on dividends, contributing to an increase in wages and an increase in productivity,” said Congressman Guevara Guth.

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

    - Advertisement -
    - Advertisement -

    Latest News

    Stronger measures will be taken against contempt of social quarantine standards

    Public Security Minister Michael Soto said that they are already coordinating with...

    Bureaucratic Red Tape Seriously Delays Major Public Works in Costa Rica

    The Minister of Public Works and Transport (MOPT), Rodolfo Méndez, has made serious observations to the mechanism that is used in expropriating land for infrastructure works

    More Than 139,000 Citizens Are Still Waiting to Receive the “Bono Proteger”

    To date 139,100 Costa Ricans have been waiting for the “Bono Proteger” for three months (from April),...

    Costa Rican Singer Jenny Castillo Died

    Jenny Castillo, who was well known in the music world in the 80s and 90s, died this...

    Precise Date of School Re-opening in Costa Rica has not yet Been Decided

    The Ministry of Public Education (MEP) remains on the lookout, and with it thousands and thousands of...
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »