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Costa Rica Announces 2014-15 Fiscal Initiatives

23 June 2014

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Proposed Changes

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Costa Rica

On 5 June 2014, Costa Rica's Minster of Finance presented an analysis of the country's fiscal situation and an overview of the 2014-2015 fiscal initiatives. The primary initiatives include: The submission of an anti-evasion bill that would introduce cross-check controls for professional services, require that payroll be reported to the Department of Social Insurance in order to be deductible, and require individuals to have paid their taxes in order to use any state administrative services Joint-audit plans will be carried out by the Tax Directorate and Customs between June and December 2014 An additional adult process will be carried out...