Costa Rica seeks surcharge on foreign portfolio investments

SAN JOSE Mon Jan 21, 2013 4:32pm EST

SAN JOSE Jan 21 (Reuters) - Costa Rica asked Congress on Monday to approve an extra tax of up to 30 percentage points for foreign investors who seek to transfer profits from local investments outside the country.

Under the proposal, the amount of the surcharge would depend on the currency of the investment, the yield and the maturity. It would not apply to foreign direct investment.

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