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Costa Rica: Taxes Lowered on Farmland

Article Summary:

Costa Rica’s newly approved tax project establishes new tax calculations on farmland, which will now be based on the historical value of the properties, not by applying the current rates used by the Ministry of Finance since 2008.

Photo Credit: Ojos de la Tigre

Original Article Text From Nacion via Google Translate :

Deputies Approve Tax Rebate Farmland

In just three hours, the fraction of the Congress leaders were yesterday according to present and approve on first reading a draft that lowers the property tax to agriculture.

It was like having a bucket of water on the fire fanned by the agricultural sector, which was preparing for another protest today against the current Treasury rates used for the calculation of the tax.

The unanimous vote of the 49 members present at 7:18 pm, led by settled, at least for now, the discussion that pitted municipal and agricultural sectors in the past three weeks.

The bill passed last night is far from the original proposal of the Executive, which proposed a 80% exemption. This initiative did not have the approval of the municipal authorities.

The new bill provides that the calculation of the amount payable will be based on the historical value of their farms and not use rates developed by the Ministry of Finance in 2008.

These tables match the value of agricultural land to urban and tourist projects, which triggered the price of farms engaged in agriculture.

The plan also states that the Government will have a maximum of four years to develop an agricultural census, from which you can make a new table to calculate the value of agricultural properties.

Applause. Voting for the new project generated applause in Congress last night, crowded with representatives of municipal and agricultural sectors.

Even Gloria Abraham, Minister of Agriculture and Livestock, broke his silence in recent days on the issue and said the proposal recognizes the need for a differentiated charging the agricultural sector.

He also stressed the commitment of resourcing the Ministry to conduct the census of agriculture, which is not in the country since 1984.

Meanwhile, Alvaro Saenz, president of the National Chamber of Agriculture and Agribusiness (CNAA), hailed as a great achievement not apply existing platforms for calculating the value of real estate tax to farms.

He said that the sector will have a major intervention in the process of defining the new method to calculate the tax.

Meanwhile, Karen Porras, director of the Union of Local Authorities (UNGL), said that the final draft calls for “mutual benefit, because as the exemption was raised 80% worried us a lot.”

Guido Vargas, secretary of the National Union of Small and Medium Agricultural Producers (Upanacional), admitted he did not expect that Members were presented with a new plan, but said that this meets the expectations of farmers.

The plan now goes to the Sala IV consultation before the vote on second reading.

Link to Original Article:

From Nacion

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