Last week the Official Gazette published in the Official Gazette File 24.360: Law of relief to the Costa Rican Social Security Fund through the addition of a subsection "w" to Article 8 of the Income Tax Law.
The bill seeks to incorporate as a deductible expense up to one hundred and fifty percent of the amount paid for private insurance premiums for medical expenses or medical discount plans that employers grant to their workers or that self-employed workers acquire for themselves.
The bill also clarifies that these insurance premiums may not be considered salaries and will not be subject to the single tax on income received for personal dependent work or for retirement or pension or other remuneration for personal services.
The initiative was presented by the Liberal Progressive Party and is pending discussion in the Legislative Assembly.