A press release by several business associations and municipalities states:
Business and Guanacaste Municipalities are still seeking clarification on the text of the Tax Reform
• CINDE, UCCAEP, Azofra, AMCHAM, CADEXCO, the Chamber of Industry and CAMSCAT consider it incomprehensible that there is resistance to clarifying that the new tax will not affect companies established before 2015 or their reinvestment.
• Companies are asking members to clarify the text in the Act
CINDE, UCCAEP Azofra, AMCHAM, CADEXCO, the Chamber of Industry and CAMSCAT, and a group of 30 major companies in Free Zones and the representatives from the Municipalities of Tilarán, Nicoya, Bagaces, Santa Cruz, Carrillo Rods, Nandayure, De la Cruz, Abangares and Hojancha are maintaining their struggle to make the Members of the Citizen Action Party and the National Liberation Party clarify in the text of the Law on the Solidarity Tax Project the promise that the new15% tax on the repatriation of dividends will not affect companies established before 2015 or their reinvestment.
More on this topic
January 2009
The companies are asking for reforms to the Law of Incentives that would allow a reduction in income tax starting 2015.
Nacion.com reports on its website: "Timothy Scott, director of the Association of Free Zone Companies (Azofras), explained that the companies are asking that the new tariff that will come into effect in 2015 be "one digit" (less than 10%).
October 2011
The Foreign Trade Promoter has revealed in a study the benefits that free trade zones contribute to the country, including the 58 thousand jobs that pay 60% above the average private sector salary.
From a press release by PROCOMER:
A study by PROCOMER reveals the benefits of free zones in Costa Rica:
September 2011
In Costa Rica, the Association of Free Zones and Investment promoter CINDE are lobbying against the imposition of new taxes on businesses.
The proposed measure, now under a fast track approval system in the Legislature, include a tax on dividends for those companies who establish themselves in in the zone after 2015, plus requirement to pay municipal taxes.
September 2011
The Executive and Ministry of Commerce are clashing over the collection of taxes from 2015 from companies in free zones or industrial parks, included in the tax reform bill.
The new regulations are included in the proposed fiscal reform presented by the government to the Legislative Assembly.
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