Acceptance of the Bill Proposed by the Costa Rican Ministry of Treasury On November 23, 2018, the Constitutional Chamber of the Supreme Court of Justice confirmed that the Bill entitled Tax Reform – Law of Strengthening of Public Finances has no vices of unconstitutionality; therefore, the Bill will continue its process until it becomes the Law of the Republic, which…
Category Archives: Blog
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Aug
Aug
Generally, a person invests in a corporation to obtain, eventually, economic advantages. The right to the dividend is acquired inherently, by virtue of being a shareholder, in a commercial company. The doctrine has classified it as a patrimonial right (with economic content) that the shareholder has against the corporate entity, unlike political rights (for example,…
Blog, News
Increase in the tax burden on the importation of juices, soft drinks and energy drinks in Nicaragua
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Aug
Aug
Due to the reform of the Tax Agreement Law published on February 28, 2019, the tax burden on the importation of juices, soft drinks, and energy drinks increased both in the Value Added Tax (VAT) and in the Selective Consumption Tax (ISC): a) Value Added Tax Previously the tax was calculated on the customs value…
21
Aug
Aug
Tax Reform – Acceptance of the Bill Proposed by the Ministry of Treasury The special commission created for the approval of the tax reform, Bill N° 20580 – Law for the Improvement of Public Finances (the Bill), accepted, with votes from PLN, PAC, and PUSC, the proposed bill by the Ministry of Treasury a few…
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Aug
Aug
It is necessary to go back to September 1999, during the Rodríguez Echeverría administration and as part of the “National Concertation Forum”. The convenience and necessity of de-monopolizing the insurance market in order to open it up to private competition were discussed. For promoters, the opening of the insurance market in Costa Rica would improve…
21
Aug
Aug
GAZETTE SUMMARY LAWS Exchange of information on tax matters between the Republic of Costa Rica and the States of Guernsey Through Law 9551 of May 9, the Legislative Assembly approved the whole text of the “Agreement between the Republic of Costa Rica and the States of Guernsey for the exchange of information on tax matters”….
21
Aug
Aug
Convention for the Harmonization of International Taxation on Commerce among the States Parties of the Central America Custom Union The Legislative Assembly has ratified the Convention for the Harmonization of International Taxation on Commerce among the State Parties of the Central American Customs Union. The purpose of this Convention is to harmonize the different taxes on…
21
Aug
Aug
The world is changing and with it, people change their natural and legal status (companies, societies, associations, foundations, etc.), change their personal relationships, and consequently change their social and commercial relationships. With so much change, nothing is certain in life, except for two things that the president of the United States George Washington mentioned in…
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Aug
Aug
GAZETTE SUMMARY BILLS OF LAW Exchange of tax information between Costa Rica and the United Arab Emirates (UAE) In draft form, the “Agreement between the Republic of Costa Rica and the Government of the Arab Emirates for the elimination of double taxation on income taxes and capital gains, as well as the prevention of tax…
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Jul
Jul
“Clauses agreed upon without due care may bring penalties to companies” The non-compete clause is a contractual obligation widely used in the business universe and can be perfectly valid and applied to different types of contracts, whether they are governed by labor law, commercial law and even antitrust law. However, a non-compete provision must meet…