The Costa Rican Ministry of Finance recently published a draft resolution on tax benefits for SMEs that was introduced by Law No. 9635 of 3 December 2018.
The benefits apply to qualified SMEs whose gross income does not exceed CRC 106 million and a tax reduction during the first three years of operation or commercial activities. This includes a 100% reduction in the first year, a 75% reduction in the second year, and a 50% reduction in the third year. From the fourth year, the tax must be paid in full in accordance with the applicable tax rate.
