The Treasury is analyzing measures to strengthen public revenues without creating new taxes

Costa Rica's Ministry of Finance announced a 24-action strategy and submitted three bills to the Legislative Assembly aimed at improving collection efficiency and combating tax evasion and smuggling, ruling out a comprehensive tax reform. The measure responds in part to recommendations from the International Monetary Fund (IMF), although…

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The Ministry of Finance reported that it is working on a series of initiatives aimed at strengthening tax collection and improving the sustainability of public finances. This comes in a context where various international organizations have highlighted the importance of reinforcing state revenues to maintain the country's fiscal stability.

According to the institution, the focus would be on improving collection efficiency, strengthening control mechanisms, and promoting regulatory adjustments to optimize the collection of existing taxes, without envisaging a comprehensive tax reform.

The discussion is particularly relevant for companies and taxpayers, as any measure aimed at increasing revenue could translate into increased controls, new formal obligations, or modifications to currently existing tax procedures.

Over the next few months, it will be important to follow up on the proposals submitted by the Ministry of Finance, given their eventual impact on tax compliance and companies' fiscal management.

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.

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