Costa Rica Unveils Fiscal Plan with 24 Actions to Strengthen Tax Control

Costa Rica's Ministry of Finance has unveiled a comprehensive fiscal strategy designed to bolster tax and customs enforcement. The plan outlines 24 distinct actions, spanning short, medium, and long-term objectives, aimed at enhancing fiscal control and revenue collection.

The announced measures include stricter regulations on debt, efforts to combat fraudulent electronic invoices, and new rules governing tax exemptions. Notably, the government has explicitly ruled out the introduction of any new taxes as part of this fiscal overhaul. This approach has garnered a positive reception from the business community, which has pledged its support for the initiative.

Officials emphasized that the reforms are intended to strengthen the country's financial framework and ensure greater compliance. The strategy's focus on existing tax mechanisms and improved enforcement, rather than new levies, appears to be a key factor in securing business sector backing. The plan's success will likely depend on its effective implementation and the anticipated impact on tax collection and public finances.