Costa Rica's Legislative Assembly approved a bill that exempts trusts for public works projects from income and capital gains taxes, thus facilitating investment in infrastructure. This measure, proposed under file 24.002, encourages public-private collaboration and seeks to reduce costs in projects such as roads and bridges. The law will enter into force after its publication in the official gazette La Gaceta.
Tax Reform in Public Trusts
Legal Framework
- File 24.002
- Income tax exemption
- Capital gains exemption
Impact
- Reduction of infrastructure costs
- Promotion of public-private partnerships
- Investment in public works