Free Trade Zones

Companies in Costa Rica must pay a 1% tax on medical cannabis …


(MENAFN- The Costa Rica News) By Guillermo Agudelo October 7, 2021 14 0 Share Facebook Twitter WhatsApp Linkedin Email

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report this adGuillermo Agudelo I was born in Colombia, I come from humble parents but with good habits and the love of God. I had the great opportunity to grow up with a special aunt in my life, she took me to live in Salt Lake City, Utah, USA. I grew up there, studied at Lehi High and then started studying at BYU. In 2000, I returned to my land and obtained the title of Full Bachelor in Education Mension

The deputies of Committee on the Environment of the National Assembly of Costa Rica finished adjusting the text of the project that approves the use of medicinal cannabis and hemp production in the country and agreed to establish a 1% tax on income derived from medicinal cannabis activities and products.

After taking note of the 82 motions that have been presented to the bill, the legislators have defined that the resources collected from this tax will be used for the monitoring and control that must be done by the authorities of the Ministry of Public Security and the Costa Rican Insurance Fund. Social Security (CCSS) on these products, such as Public Security can carry out inspection and control missions.

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Independent MEP Paola Vega, who chairs the Environment Committee, explained that while she would have liked a higher tax in line with the international trend, at least one tribute was obtained which she described as symbolic.

“I would have liked a higher tax, more lower, global discussions, where the cannabis tax is around 30%, there was something very symbolic, like a surcharge,” she said. .

Sowing hemp is free for anyone to do and in the case of cannabis, licenses will be required for production which will be granted by the Department of Health. It is also established that 30% of these licenses will be reserved for associations of small producers, cooperatives and small rural enterprises.

“The objective is to ensure a better distribution of licenses and that they are not concentrated in privileged groups and large companies,” said Liberationist MP Roberto Thompson, also a member of the committee.

Free trade Area

Another approved motion is that companies that are dedicated to the industrialization of cannabis for medicinal and therapeutic purposes can locate in free zones. According to the legislators with this, they seek to attract investment under the regime of the advantages granted by these industrial zones.

Note that these companies will benefit from all the exceptions of the free zone regime, but they will have to pay the “symbolic” tax of 1%. In the case of self-cultivation, this will be allowed as long as the person demonstrates that it is for medicinal or therapeutic use, and not for recreational consumption.

Vega added that this law does not solve the problem of a person wishing to plant their own marijuana in small quantities for a personal problem. “I believe we must now move towards the absolute legalization of recreational cannabis,” added Vega.

Before the extraordinary session

Thompson said there is a large consensus among parties not to reiterate motions in plenary, which would lead to discussion of the project directly in the first debate.

“As the government has been so prudish on this issue and full of prejudices and has not dared to convene the project in special sessions and we expect that it will not do so, then the expectation is to approve it in both. debates this October, ”said Thompson.

MP Vega also believes that the project should be approved before November, when a new period of extraordinary sessions begins, since the Executive continues with a “rather clumsy” view of the use of this industry.


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