Costa Rica has one of the lowest Covid-19 mortality rates in the Americas. EPA
Costa Rica has one of the lowest Covid-19 mortality rates in the Americas. EPA
Costa Rica has one of the lowest Covid-19 mortality rates in the Americas. EPA
Costa Rica has one of the lowest Covid-19 mortality rates in the Americas. EPA

Costa Rica pushes back coronavirus, reducing current cases


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While parts of Latin America enter the toughest phase of the coronavirus pandemic, Costa Rica has for the past week reported a steady decline in the number of people infected with the virus – a sign its approach to the crisis may be paying off.

On March 6, Costa Rica became the first country in Central America to register a coronavirus infection.

But the country has now gone three days without reporting a fatality related to Covid-19. Last Thursday was the seventh day in succession in which the number of active cases went down.

The country has likely benefited from the population observing government measures to fight the virus, health experts said.

"The people have understood the historic moment that we're in," Health Minister Daniel Salas said.

"We've had a slight reduction [in active cases] but we'll have to proceed very carefully because most people haven't been infected."

Coronavirus across the world

  • An elderly man,, wearing a face mask, walks past a closed restaurant in Madrid, during the hours allowed by the government to exercise, for the first time since the beginning of a national lockdown to prevent the spread of the Covid-19 disease. AFP
    An elderly man,, wearing a face mask, walks past a closed restaurant in Madrid, during the hours allowed by the government to exercise, for the first time since the beginning of a national lockdown to prevent the spread of the Covid-19 disease. AFP
  • An anti lockdown protester is detained by police officers in London, following the outbreak of the coronavirus disease, London, Britain. Reuters
    An anti lockdown protester is detained by police officers in London, following the outbreak of the coronavirus disease, London, Britain. Reuters
  • A young boy from a migrant workers' family waves from a railway compartment before the departure of a special train to Agra in Uttar Pradesh state during a government-imposed nationwide lockdown as a preventive measure against the coronavirus, at Sabarmati Railway Station on the outskirts of Ahmedabad. AFP
    A young boy from a migrant workers' family waves from a railway compartment before the departure of a special train to Agra in Uttar Pradesh state during a government-imposed nationwide lockdown as a preventive measure against the coronavirus, at Sabarmati Railway Station on the outskirts of Ahmedabad. AFP
  • Thailand's Queen Suthida as she sews a face mask that will be donated to the public as a preventive measure against the spread of the coronavirus in Bangkok. AFP
    Thailand's Queen Suthida as she sews a face mask that will be donated to the public as a preventive measure against the spread of the coronavirus in Bangkok. AFP
  • People sit maintaining social distancing as Frontier Corps (FC) personnel distribute food on a street during a government-imposed nationwide lockdown as a preventive measure against the coronavirus, in Quetta. AFP
    People sit maintaining social distancing as Frontier Corps (FC) personnel distribute food on a street during a government-imposed nationwide lockdown as a preventive measure against the coronavirus, in Quetta. AFP
  • People visit the Empty Sky Memorial as the The One World Trade Center in New York is seen from Liberty State Park after many New Jersey Parks set to re-open during the outbreak of the coronavirus disease in Jersey City, New Jersey. Reuters
    People visit the Empty Sky Memorial as the The One World Trade Center in New York is seen from Liberty State Park after many New Jersey Parks set to re-open during the outbreak of the coronavirus disease in Jersey City, New Jersey. Reuters
  • An Imam wearing a face mask wait for the start of the awareness campaign and distribution of sanitary products to people of extreme vulnerability by the REVOCAP association, amid the spread of the coronavirus disease, in Liberte 6 Baraka district of Dakar, Senegal. Reuters
    An Imam wearing a face mask wait for the start of the awareness campaign and distribution of sanitary products to people of extreme vulnerability by the REVOCAP association, amid the spread of the coronavirus disease, in Liberte 6 Baraka district of Dakar, Senegal. Reuters
  • Benjamin Hassan, a German ATP player wears a face mask as he warms up for an exhibition tennis match played without spectators and broadcasted by remote controlled cameras, during the spread of the coronavirus disease in a tennis academy in Hoehr-Grenzhausen, near Koblenz, Germany. Reuters
    Benjamin Hassan, a German ATP player wears a face mask as he warms up for an exhibition tennis match played without spectators and broadcasted by remote controlled cameras, during the spread of the coronavirus disease in a tennis academy in Hoehr-Grenzhausen, near Koblenz, Germany. Reuters
  • A young girl reacts as a Kenyan ministry of health medical worker takes a swab during mass tasting in an effort to fight against the spread of the coronavirus disease in the Kawangware neighbourhood of Nairobi, Kenya. Reuters
    A young girl reacts as a Kenyan ministry of health medical worker takes a swab during mass tasting in an effort to fight against the spread of the coronavirus disease in the Kawangware neighbourhood of Nairobi, Kenya. Reuters
  • A Vietnamese volunteer prepares packages of food and protective masks for Vietnamese people in need and living in Japan, amid the coronavirus disease, at Nisshinkutsu temple in Tokyo, Japan. Reuters
    A Vietnamese volunteer prepares packages of food and protective masks for Vietnamese people in need and living in Japan, amid the coronavirus disease, at Nisshinkutsu temple in Tokyo, Japan. Reuters
  • A man walks through smoke generated by Nairobi municipality worker in an effort to fight against the spread of the coronavirus disease in the Kawangware neighborhood of Nairobi, Kenya. Reuters
    A man walks through smoke generated by Nairobi municipality worker in an effort to fight against the spread of the coronavirus disease in the Kawangware neighborhood of Nairobi, Kenya. Reuters
  • A staff member of the Ministry of Health takes samples from a boy during the first day of mass testing of the coronavirus in Djibouti. AFP
    A staff member of the Ministry of Health takes samples from a boy during the first day of mass testing of the coronavirus in Djibouti. AFP

In the past week, 45 new cases were reported in Costa Rica, with 122 people recovering, reducing the number of active cases from 564 to 485, the ministry said.

Costa Rica has not resorted to the sort of strict curfews adopted by some countries in Central America, but officials closed the country to foreigners on May 15 and stepped up border surveillance, suspending mass events and limiting road traffic.

It was too early to say for sure, but Costa Rica also appeared to have had some success in tracking infections, Maria Luisa Avila, a former health minister, said.

The country is one of the most affluent and stable in the region and has a free public healthcare system.

According to a Google report based on mobile phone statistics, visits to shops and recreational premises have dropped 84 per cent.

The number of people visiting parks and beaches also dropped 82 per cent – figures that are similar to Peru, where the number of cases are increasing rapidly despite authorities imposing a night-time curfew.

Costa Rica, a country with a population of about 5 million, has reported about 730 coronavirus cases and six deaths, 49 days after authorities registered the first patient, a US tourist.

By contrast, its southern neighbour Panama, an important transport hub with a slightly smaller population, has registered more than 7,000 cases and almost 200 deaths.

Costa Rica's reported fatality rate of 0.12 per 100,000 population is one of the lowest in the Americas. It is slightly higher than the rate in Guatemala and El Salvador, which quickly imposed lockdowns.

Mexico has entered the highest phase of alert in the crisis, as the death toll passed 2,000 and the number of cases topped 20,000.

Emergency

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Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

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Avatar: Fire and Ash

Director: James Cameron

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Rating: 4.5/5

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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38 days

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MATCH INFO

France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')

Italy 1
Bonucci (36')

Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed