The Ministry of Finance recently presented its Medium-Term Fiscal Framework, document in which it projects a gradual decrease in the tax burden over the coming years.
According to official estimates, tax revenues would represent a smaller proportion of the economy compared to previous periods, in a context of economic slowdown and changes in collection dynamics.
Projections highlight the importance of continuing to strengthen tax compliance and administrative efficiency as mechanisms to sustain public finances without resorting to tax rate increases.
The tax burden's behavior is a relevant indicator for companies, investors, and taxpayers, as it reflects the evolution of state revenues and the country's fiscal sustainability outlook.
This has been a news service prepared by ICS. For more information about the report, write to info@ics.cr or call 2519-9992. ICS, tax specialists.