Arias signs Asadas tax exemption bill - Costa Rica

Costa Rica's President Óscar Arias has signed into law a reform bill to allow the country's rural aqueduct and sewerage associations (Asadas) to operate without paying taxes, water authority AyA said in a release.

The law means that Asadas will no longer have to pay taxes on materials and equipment for constructing and repairing pipelines.

First proposed in May this year by Asadas in the country's northern zone, the bill was supported by AyA, which regulates the rural associations.

"Asadas are the second most important potable water providers in the country, which is why, in recognition of the work carried out by communities and members of these organizations, they will now have the extra support of not having to pay taxes," said Ricardo Sancho, executive president of AyA.

Currently, Costa Rica has over 2,000 Asadas, which provide water to more than 1.2mn people, accounting for 27% of the national population.

Business News Americas

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