18 March 2020 – Congress approves Tax Relief Law to maintain liquidity and protect employment

Type of Intervention: Regulation
Sectors Involved: Finance/Economy, Private Sector
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National
Lead People/Agency: Congress and the Treasury

Overview: Congress approves Law 9830, a Tax Relief Plan. The purpose is to help companies to have greater financial liquidity by not having to pay certain types of taxes for several months, which will allow them to use those resources to pay wages, social security or loans, instead of firing workers.
Full details here: https://www.presidencia.go.cr/comunicados/2020/03/hacienda-agradece-a-asamblea-legislativa-la-pronta-aprobacion-de-la-ley-de-alivio-fiscal-ante-el-covid-19/

Other links: 1
Type of Justification: No justification given