Costa Rica has issued Resolution MH-DGH-RES-0053-2024 in the Official Gazette on 4 November 2024.
This Resolution outlines procedures for paying initial premium payments on state debt installment plans, covering taxes, fees, and contributions through the Judicial Collection Department. The initial premium payment must include all accrued interest on the debt under the payment arrangement and should not exceed 40% of the total debt.
According to the Resolution, when premium payments less or equal to 10% of the principal are not allowed for installment payments. Installment payments for up to three months are permitted if the premium payment is between 10% and 25% of the principal amount and installment payments for up to six months are allowed if the premium payment exceeds 25% of the principal.
The Resolution took effect on 4 November 2024.
