Costa Rica corporations tax to be revived

Costa Rica’s Constitutional Court gave the green light to the legislative bill to revive the “corporations tax” that would be used to combat insecurity and the hiring of 1,000 new police officials. The court said it found no procedural or substantive errors. The vote was unanimous.

The followed a consultation by legislator Otto Guevara, who opposes the revival of the tax imposed by the previous administration. Legislators can now move forward in approving the bill that would impose an initial tax of $115 on the registration of a new corporation.

Source: Q Costa Rica