Friday, February 21, 2014

PRICE • SALARY•WAGE • TAX INCREASES & NEW LAW in Costa Rica - When do they go into effect

 "WOW - IT SEEMS LIKE PRICES HAVE GONE UP A LOT RECENTLY.  WHY?"

WARNING!!  If something is going up in price in Costa Rica (ESPECIALLY salaries•wages [and Costa Rica is VERY PRO employees], tolls and bus prices) - chances are REALLY GOOD it will go into effect on/around the first of January!!

Also, MANY taxes (like the tax for corporations/S.A.s and some other thing), are based on whatever position they have designated's monthly salary - so that means if their salary goes up - so does that tax!

Also, annual inflation in Costa Rica is on the high side.

The same January 1 timeframe is often the start date often for many new laws - THOUGH - OFTEN they fail to remind you just before it goes into effect!!


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