Costa Rica’s fiscal reform seen as mixed signal
Tax breaks for free-zone companies represent 30 percent of earnings made by the Costa Rican fiscal reform plan. Incentives for foreign companies amounted to $245 million last year.
The government’s reform proposal aims to impose a 15 percent tax on dividends from the free-zone companies and enable municipalities to charge on real estate.
Critics of the measures say they send a mixed signal to foreign investors that are accustomed to receive earnings free of tax in other countries.
Original source (in Spanish): La República