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in Costa Rica

Gas Stations Back Off On Threat After Quick Action By Ministry of Finance

by Q COSTARICA Tuesday 8 January 2019, 4:43 pm 1.3k Views

All is cool again at the country’s gasoline stations. The threat of not accepting credit and debit cards starting today as announced Monday night was called off thanks to the “prompt” reaction by the Ministerio de Hacienda (Ministry of Finance).

This morning, Tuesday, José Miguel Masís, executive director of the Asociación de Expendedores de Combustible (Association of Fuel Expenders), representing the majority of the gasoline stations in the country, confirmed that the Ministry of Finance acknowledged the error and ordered the banks to suspend the withholding tax on net sales.
“There was a very important action of the Treasury, ordering banks to suspend the withholdings so obviously there is no interest of service station (owners) to affect consumers. The issue was more a protection of finances due