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New Tax Law


jaseder
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AM Costa Rica has a front page article today (8/29/05) on the possible implications of the proposed new tax and immigrations laws. Some tax implications look pretty significant for real estate investors. I realize that this is only "proposed" at this point, but what is the likelihood of these restrictions passing? And how about the implications of the immigration bill on those gringos doing real estate in CR? It seems as if the government is getting less and less friendly to foreigners.

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It seems as if the government is getting less and less friendly to foreigners.

 

This all depends on who you talk to. Every government is taking measures to increase security, and Costa Rica is among them (not entirely by choice either)

 

Reforms to immigration are necessary, based in relation to the crime situation being caused by some groups. Any new law has bad implications while the bugs are ironed out.

 

However the government has made it very very clear that they want and need foreign investment and foreigeners.

 

This is what we call a catch 22 in many aspects. I am not in fear as many others seem to be. Has anyone out there yet read the 400 page tax proposal? anyone?

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