Tax Self-Assessment: Late Filing and Legal Recourse
Is the Procedure for Collecting Debts Fair?
The deadline to file for voluntary self-assessment of income tax for 2005 ended on June 30, 2006. According to Article 161.1 b) of the General Tax Law (LGT), when a debt is settled by self-assessment, the executive period starts on July 1, 2006. From that moment, late payment interest begins to accrue, as per Article 26 of the LGT.
On September 25, 2007, a spontaneous and extemporaneous self-assessment was made. This triggers the surcharges provided for
Read MoreGovernment Procurement Principles and Procedures in Costa Rica
Principles of Government Procurement
Core Principles: The functions of these principles are: 1 – Report 2 – Rules 3 – Interpretative
Governing Principles: Contracting activity is governed by the following principles: Efficiency, Effectiveness, Advertising, Free Competition, Equality, Good Faith, and Intangibility of Assets.
Administrative Freedoms: These principles allow the administrative procurement entity broad freedoms to: Choose the contractor, choose the subject of the contract, determine the
Read MoreUnderstanding the WTO: Trade Rules and Negotiations
What is the World Trade Organization (WTO)?
The World Trade Organization (WTO) plays a crucial role in the global economy. It serves multiple functions, including:
- Facilitating the liberalization of international trade
- Providing a forum for governments to negotiate trade agreements
- Offering a platform for settling trade disputes
- Operating a system of international trade rules
The WTO as a Negotiating Forum
Fundamentally, the WTO is a venue where member governments address and resolve trade issues. The
Read MoreState Financial Management: Taxation, Expenditure, and Public Debt
Expenditure reserved to those who are empowered to make certain state agencies fulfill their public duties related to internal or external security and public order in the country and the duties attached to the head of state of a nature reserve or require secret.
Government financial management and processes involved in the procurement and management of monetary resources in the public sector and its further distribution and control according to the needs of public obligations.
Power to tax is
Public Service and Administration: Roles and Responsibilities
Understanding Public Service
Public service, in a restricted sense, refers to activities undertaken by the State intended to meet social needs. The provision of public services involves the staff that comprises the public service, including human resources. Public purpose signifies activity-oriented management aimed at meeting the high public status.
Public and Private Entities
- Public Companies or State: These are entities created by law, possessing a public law legal personality distinct and separate
Compulsory Enforcement of Administrative Acts: Key Principles
Compulsory Enforcement of Administrative Acts
Compulsory enforcement is not an independent declaration of intent with content and judicial effects different from those of the original administrative act. This differs from the sanctioning power of the Public Administration (for example, a fine for speeding). The means of compulsory enforcement are used to make those who are obliged by an administrative act obey it.
Requirements to Initiate Compulsory Enforcement
- The administrative act must contain a