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Success of Costa Rican reform will depend on rules

Friday, January 4, 2019

The success of Costa Rica's fiscal reform will require clarity in the regulations that the Finance ministry is devising in order to ensure efficiency in the collection of taxes.

Ministry officials have six months in which to draw up 17 regulations for the collection of sales and income taxes that aim to modernize the system.

In order to promote efficiency, business leaders have called on the government to invest in technology that can ensure cross-checks in order to fight evasion and contraband.

Everyone in the business community is ready and willing to provide technical and practical advice and tips to help the ministry officials, said Gonzalo Delgado, president of the Costa Rican association of private-sector associations.