The Ministry of Finance (Hacienda) wants to stimulate the use of plastic instead of cash for better collection of sales and income tax
(QCOSTARICA) The Ministry of Finance (Ministerio de Hacienda) plans to return one percentage point of sales tax to people using their plastic for purchases.
The plan, if adopted, would mean consumers using plastic would effectively pay a 12% sales tax instead of 13%.
The deputy minister of Finance, Fernando Rodriguez, explained that the incentive does not apply only to debit cards, but that the Ministry of Finance will not apply it to credit cards. In the words of the Minister, “we don’t want to encourage borrowing”. Rodriguez added that credit card issuers already offer their customers incetinves for using plastic instead of cash.
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