The multisectoral table agreed on Friday afternoon a series of high-consensus and sectoral proposals on evasion, avoidance, tax fraud and tax efficiency.
Also, in response to the request of the sectors, the President of the Central Bank of Costa Rica (BCCR), Rodrigo Cubero, spoke about what the use of international reserves would imply for the country in generating confidence from financial agents.
He also made a broad and detailed presentation on the macroeconomic policy for lowering interest rates during the pandemic, inflation targets, financial stability, seasonal factors and consequences of COVID-19 on exports and tourism that affect the rise in the exchange rate.
Proposals approved on tax evasion, avoidance and efficiency
The high consensus approved proposals highlight improving controls to prevent tax fraud. The Ministry of Finance was asked to establish parameters and measurement indicators for collection goals and training processes that seek to reduce tax fraud.
Also, it was agreed to request the Executive Power to promote a reform before the Legislative Assembly that would impose on those convicted of fraud against the Public Treasury the temporary loss of subsidies, tax benefits or social charges, as well as the disqualification from participating in contracting procedures. administrative.
In addition, it was agreed to urgently request the Ministry of Finance, the BCCR, the National Institute of Statistics and Census (INEC) and other specialized entities, to update annually the estimates of gaps and non-compliance in evasion and avoidance with respect to Gross Domestic Product (GDP), according to taxes, since the figure of 8% of GDP cannot continue to be used generically.
Part of the consensus includes that the Executive submit a bill before the Legislative Assembly that prohibits economic activity in non-cooperative jurisdictions (tax havens) of public officials, and includes all investments abroad in the Affidavit of Assets of public officials before the Comptroller General of the Republic.
Establish a mixed working group coordinated by the Ministry of Economy, Industry and Commerce (MEIC) and the Ministry of Labor and Social Security (MTSS) to analyze what the strategy for the formalization of enterprises and micro-enterprises should be, and to present a report in a period of no more than 6 months, additionally, monthly progress reports must be submitted.
The latest agreement on the sectoral proposals consists of improving the processes for the selection and hiring of Tax Administration officials, this in order to make tax procedures more efficient and transparent, since it is very important to follow the best international practices and the application of tests or examinations in tax matters.