Costa Rica's Ministry of Finance has issued a release announcing plans to cover the fiscal impact of the COVID-19 pandemic as part of negotiations with the IMF to obtain financing of USD 1.75 billion. Tax measures highlighted in the release include:
- A reduction in social security contributions for companies by at least 5% over four years;
- The introduction of a tax on banking and securities transactions for a period four years, which is to be imposed at a rate of 0.3% for the first two years…