QCOSTARICA — The latest report by the Programa del Estado de la Nación ( State of the Nation Program), Costa Rica has 204 taxes and 1,483 tax exemptions in force.
The report was presented earlier this week by Jorge Vargas Cullel, director of the program, and researcher Pamela Jiménez Fontana, to the legislators of the Tax Affairs Commission, a congressional body that is studying a bill to simplify the country’s taxes.
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On average, three taxes are created in the country per year and 69% of them were approved by the Legislative Assembly in the 20th century.
According to the study, most of the taxes created have been proposed by the Legislative Assembly, while municipalities are the main entities that collect them, 87% of taxes have a specific destination and 47% do not establish control mechanisms.
Jiménez explained that there is information on the amount collected for 107 records:
- In 28 taxes the amount is zero. That is, they have no recorded collection.
- The amount collected for 97 registrations is not known.
- The country’s tax structure is loaded with taxes on the sale of goods and services.
- Regarding the current tax exemptions, 46% of them exempt from paying indefinite taxes and 60% do not have control mechanisms.
According to the investigation, exemptions are an important tax policy instrument, but a large part of those approved do not comply with Costa Rica’s Código de Normas y Procedimientos Tributarios ( Code of Tax Standards and Procedures).
The Tax Affairs Commission is currently processing a bill for the simplification of the tax system, aiming to move the country towards a simpler and more transparent tax system.
The bill, file 23,177, promoted by the legislative faction of the Partido Liberal Progresista (PLP), is titled, “SIMPLE I: Simplificación de impuestos para levantar la eficiencia y la competitividad Fase I (“SIMPLE I: Simplification of taxes to increase efficiency and competitiveness Phase I”).
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