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24 Oct 2018
PKF COSTA RICA - NEWSLETTER
Costa Rica is currently on the verge of enacting one of the most important Tax Reforms in its history, as the country’s tax deficit is at its highest (it will reach a 7.1% of the national production at the end of 2018 and 7.9% in 2019, according to estimates).
Thus, the Tax Reform aims to generate fresh income and reduce expenses. The Bill, under discussion at Congress, includes four key elements: two oriented to increase income and two aiming to build fiscal discipline and efficiency of public expenses.
The following are amongst the major changes:
* The above Tax Reform was approved in first debate by Congress and is currently undergoing constitutionality consultation at the Costa Rican Supreme Constitutional Court.
PKF “Despacho Murillo Marchini & Co. Ltda”
San Pedro de Montes de Oca Avenida 2da calle 1era y 3era San José, Costa Rica Tel: +506 -2234-1411 Fax: +506-2283-1705/ 2234-1494 www.pkf.cr
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