Costa Rica Luxury Property Tax Rules | Costa Rica Property Advice by Coldwell Banker Jaco

Full story: cb-jaco.com

The Luxury Tax as it is being called has been initiated by Oscar Arias as a way to transfer wealth from the rich to the poor. Arias said, "In order to mitigate the effects of the economic crisis on Costa Rica, the Costa Rica Tax Administration authorized a special accelerated depreciation for all new assets increasing the ...

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Tico Gringo

San José, Costa Rica

Compared to the U.S. and lots of other nations, the tax bite in CR is much less. The only problem I have with this tax is how complicated it is to figure out while the government looms over the owner, threatening 5-10 X the amount in fines if the appraisal is too low (in the opinion of the CR government)

maurice

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