CR Hoy Newspaper
The Treasury Department decides to migrate over to a new system in order to collect Income Tax
According to what the Vice-Minister of the Treasury Department has indicated to the members of the commission on income and capital gains, the government will propose a bill so that the country migrates over to a personal Income Tax system, which will allow them to properly measure changes in assets for individuals from start to finish.
See:
https://www.crhoy.com/nacionales/hacienda-propone-migrar-a-un-nuevo-sistema
El Observador Newspaper
Economic activity increased 3.7% in March
The trend in economic activity observed in March was favorable for the definitive regime as well as for special regimes, as indicated by the Central Bank.
See:
https://observador.cr/actividad-economica-crecio-un-37-en-marzo/
OECD recommends reducing the fees that employers pay in order to strengthen the Costa Rican pension system
The Head of the Organization for Economic Co-operation and Development in Mexico and Costa Rica (OECD), [in Spanish: la Organización para la Cooperación y el Desarrollo Económico] (OCDE), indicated that in order to provide sustainability to the pension system, it is necessary to promote requirements by reducing the fees that are discounted by the state for Costa Rican companies.
See:
https://observador.cr/ocde-recomienda-reducir-las-cargas-que-pagan-los-patronos/
The Treasury Department attempts to “set the exchange rate” on debts it has with the Inter-American Development Bank (IADB), amidst the sharp appreciation of the colón
The Secretary of the Treasury indicated that they are making forwards, (contracts between two parties), in order to set the exchange rate as a debt that would be in US dollars. Consequently, a set exchange rate for the Treasury Department would prevent it from being exposed to the exchange rate of the dollar, whether it is going up or down.
See:
https://observador.cr/hacienda-pretende-fijar-el-tipo-de-cambio/
La República Newspaper
A stop in the decline of the dollar: can companies and salaried employees with earnings in this currency breathe easier?
It’s a mild reprieve for companies and salaried employees who receive income in this currency. The recent and minimal increase in the dollar is driven by a slight decrease in the monetary policy interest rate made by the Central Bank, setting it at 4.75%.
See:
https://www.larepublica.net/noticia/dolar-a-la-baja-se-detuvo
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