Thursday, August 1, 2019

Costa Rica VAT Increase? Fake News

Have you heard that the IVA is being raised to 16%? Many of us have but, luckily, it’s just a bit of viralized fake news. Not to worry, the IVA is to remain at 13%. Fake news seems to spread even faster than real news these days. 

In less than 24 hours six different Facebook profiles posted this news. They have a combined 120,000 followers. It was shared over 980 times. A meme-like image was even created that said “VAT from 13% to 16%.”

The reports were about statements made by the president of the Uccaep, Gonzalo Delgado, who has since clarified that he never confirmed this alleged request to increase the VAT tax rate. 

The Minister of Finance, Rocío Aguilar, confirmed “with all certainty” that the Government is not contemplating a raise in the VAT and added that the news “lacks any basis, foundation, except the interest of generating discomfort.”

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