LatinNews Regional Monitor: Caribbean & Central America - 6 March 2019

* The Costa Rican government has hailed the results of its tax amnesty programme, which generated ₡232.2bn (US$383m) in earnings for the finance ministry, the social aid institute (Imas), the rural development institute (Inder), and the development and municipal advisory institute (Ifam), equivalent to over 0.5% of GDP. The tax amnesty, part of the country’s law on the strengthening of public finances, gave taxpayers the opportunity to pay outstanding tax liabilities between 4 December 2018 and 4 March 2019 without the imposition of interest and with a reduction of penalties. The deputy minister for income in the finance ministry, Nogui Acosta, said the outcome of the tax amnesty programme had been a success, exceeding expectations and giving the government access to further resources to meet its obligations. 

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