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INSIDECOSTARICA.COM | COSTA RICA  NEWS |        Wednesday 24 August 2011


Corporations Tax Delayed As Opposition Legislators Consult Constitutional Court

A group of eleven legislators have asked the Constitutional Court for a consultation on the proposed corporations tax law. The move will mean a delay of the bill for of at least four weeks.

Opposition legislators are opposed to the bill that received first reading approval, wanting changes made to the text, namely eliminating a number of loopholes that would allow the transfer of assets without the payment of taxes.

The government is insisting the bill be approved as it is.

The bill would impose a us$300 annual tax on all active corporations and us$150 for inactive. The tax on corporations would raise some ˘38 billion colones a year that the government is earmarking to combat crime.

The signatories to the request are: Walter Cespedes, Claudio Monge, Justo Orozco, Danilo Cubero, Damaris Quintana, Marielos Alfaro, Ernesto Chavarria, Manuel Hernández, Patricia Perez Mireya Zamora and Adonay Enriquez.

Cespedes, leading the Partido Unidad Social Cristiana (PUSC), said the move was due to the refusal of the Partido Liberación Nacional (PLN) party to negotiate and to serve as a lesson.

Francisco Chacon of the PLN said that this is just a delaying tactic by the opposition of a bill that has the backing of the majority of the legislators.

At Casa Presidencial, the move by the opposition was met by "great distress", according to the Communications minister, Roberto Gallardo.
 

 

 
 
 
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