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Lawmakers debate tax on free-zone businesses in Costa Rica. Proposal could threaten Chinchilla’s accord with opposition

Friday, October 7, 2011

Lawmakers in Costa Rica are studying a proposal to add new taxes to companies in free zones, beginning in 2015.

After last week’s legislative decision to put the latest tax reform proposal on a fast track, criticism has begun to surface about several aspects of the bill. To meet a December target date for a comprehensive agreement, lawmakers will face three months of tough negotiations.

Although the tax reform bill is the result of a deal struck by the administration of Laura Chinchilla and opposition lawmakers, a proposal to levy taxes on businesses operating in Costa Rica’s free zones could threaten that agreement.

Original source: Tico Times