Owners of vacation residences must pay their taxes │ Costa Developers

taxes

Hoteliers indicate that there is a disparity between the application of taxes for hotels and vacation properties.

A new clarification in the records of the Costa Rican Tourism Institute (ICT) and the Ministry of Finance has intensified efforts to strengthen tax and patents that are paid on the residences holidays throughout the country.

"No we are trying to discourage the renters" said Herman Navarro, the Manager of tourism by the ICT.

the incomes from rentals properties in Costa Rica emerged on the scene after the crisis of 2008 by people who owned vacation properties and stopped coming, so it began to rent their properties or sold them to rental companies." This has led to reducing the demand of visitors to hotels.

The owners of the hotels think that competition is not what causes affectations, but that hotels should cancel taxes unlatched to vacation properties, ranging from sales tax, social security for its employees, payments to the Ministry of health and others not.

To start the implementation of this new law, the Ministry of finance in conjunction with the ICT conducted an investigation where it was found that there are several of these properties, for example in Jaco Beach about 23, Manuel Antonio a 36 and on the coast of the Caribbean a 38.

The ICT indicates that this represents unfair competition among hotels and rental properties, since every dollar earned by the hotels is to re invest about three or four times, while investing in 1 or 1.3 times for vacation properties.

This occurs because the vacation properties should not be so frequent in infrastructure, services and personnel investments. In some places, hotels pay an amount to those in charge of monitoring the coast, while the properties not canceled these amounts and receive the benefits.

This aims to of there is a balance of occupation between independent vacation properties and hotels which offer the same service to both.

Posted by Costa Developers

Best places to live in Costa Rica when retired

costa_montaña

Thousands of Americans and foreigners come to Costa Rica for a life is much quieter and less expensive in the process of withdrawal.

Costa Rica becomes one of the biggest attraction for the life of the retirement especially by its proximity to one of the main tributaries of retired: United States, also does not represent a significant distance with Canada, for example.

Some of the benefits are the low cost of living compared with developed countries, an exceptional climate and a security policy stable.

The favorite destinations chosen by foreigners for removal are among the following: Samara, tamarind in the province of Guanacaste in the North of the country, these places, both in coastal areas are ideal for being surrounded by a developed environment yet maintaining the natural beauty. It has beautiful Resorts as well as facilities such as restaurants and water sports activities.

Other regions that have become destinations star, is the area of Montezuma in the North of the Pacific coast, this is ideal for people who enjoy the natural in its best State places, Montezuma is a coastal town that retains even the purity natural and less invaded by a developed construction, such as paved roads and high buildings.

The Central Pacific region is one of the most important and busiest, as ever, is the coast that is closest to the city, Manuel Antonio and Jaco are beaches preferred not only by national and international tourists, but for those who are planning to settle in Costa Rica, just an hour and a half of the Intl Airport. Juan Santa María can enjoy all that the Pacific coast has to offer.

If your plan isn't to live beside the sea, then in Costa Rica there are other popular options to live in the city, in a magnificent position, enjoying an exceptional climate and at much lower cost. For example in the western part of the capital, the favorite places are Escazu Santa Ana, in the most exclusive places of the capital, with access to a multitude of services, immersed in the beautiful mountains of the region.

Foreigners looking for Costa Rica to settle have many options depending on your preferences; the country brings together all the qualities that are ideal to offer enough for a comfortable retirement life, in harmony with nature and at a much lower cost.

Posted by Costa Developers