Many years ago it was usual in Costa Rica to define fines and taxes based on a fixed amount of colones. However, this was a problem because of the high devaluation and inflation existing in Costa Rica on those days. In a few years, it became a ridiculous amount and it was very complicated to pass a new law every year to keep it updated.
Because of this and since the National Budget law must be approved every year, on 1993, the congress decided to select and use something in this law to be used as a parameter to automatically define taxes and fines. The chosen parameter was the wages amount of an “Administrative Assistant One” of the Court. (Just the base wage, without pluses, bonuses, etc.) In the National Budget law approved for 2012, this parameter was established as 360,600 colones. In the National Budget law approved for 2013, this parameter was established as 379,400 colones.
Therefore, when in a Costa Rica law you read something about “a fine” or “a tax” of one salario base, or half salario base, etc., this is the base to use in order to calculate it.

© Copyright E&T ESCROW & TRUST SOLUTIONS S. R. L. Costa Rica.

www.escrowtrustsolutions.com ) (Re-printed with its permission)

Please Note: This material is for personal use only and is protected by Copyright Law. It is provided as general information only and does not constitute and is not a substitute for legal or other professional advice. Reliance on this material is solely at your own risk. Always consult your own legal or other professional advisors and discuss the facts and circumstances that apply to your specific case.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Set your Twitter account name in your settings to use the TwitterBar Section.