Cinpe-UNA: Increasing VAT to the Basic Basket to 13% Would Hit Lower-Income Households Harder
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Cinpe-UNA: Increasing VAT to the basic basket to 13% would hit lower-income households San José, 28 Jul (elmundo.cr) – Raising the Value Added Tax (VAT) on the Basic Tax Basket (CBT) from current 1% to 13% would have a disproportionate impact on lower-income population groups, deepening the inequality gap in Costa Rica. This is revealed by the study “VAT to the basic basket of [...] Edmundo El Mundo CR
Former President Rodrigo Chaves, current Minister of the Presidency and Finance, confirmed that the government of President Laura Fernández analyzes eliminating the partial VAT exemption enjoyed by products from the basic basket, for which a reduced rate of 1% is paid instead of the general 13%. According to him, measures would be taken to avoid affecting lower-income households.The possibility revives one of the most sensitive tax debates in Co…
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