Development bank urges Costa Rica to pass tax reform package
The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno said that Costa Rica can not afford to delay the passage of a tax reform package unveiled by the…
Cost of building a home would increase as much as 14 percent if tax plan is approved, Costa Rica builders warn
The Costa Rican Chamber of Construction (CCC) is warning that the cost of housing could rise by as much as 14 percent if a tax reform being pushed forward…
Roche Pharmaceuticals announces $5 million expansion of Costa Rica operations
Roche Pharmaceuticals opened its new Costa Rica-based Service and Distribution Center that will serve the pharma giant’s customers in 23 countries in Central America and the Caribbean on Wednesday with…
Costa Rica government releases details on tax reform plan, including big increase in income tax, capital gains
The Solis administration released some details of its plan for tax reform on Monday, encompassing six bills that would significantly increase citizens’ and residents’ tax burden. …
Uber Costa Rica hires CEO, service to launch in coming months
Executives from the controversial “driver for hire” smartphone app Uber have hired a CEO for its Costa Rica operations, the company announced on Monday.…
As Lake Arenal swells, ICE has more electricity than it knows what to do with
Lake Arenal – the country’s largest hydroelectric reservoir is full. Really full. In fact, it is nearly 30 feet (9 meters) deeper than forecasts by the Costa Rican…
Costa Rica’s ICE asks for 13.7 percent increase in electric rates
The Costa Rican Electricity Institute (ICE) requested last week a 13.7 percent increase in electric rates from the Regulatory Authority for Public Services (ARESEP).…
Costa Rica tourist arrivals from Europe grew 48% in five years, growth expected to continue
The number of European tourists visiting Costa Rica grew 48% between 2009 and 2014 from 250,154 arrivals to 370,482, according to recent data provided by the Costa Rican Tourism Institute…
