Costa Rica announces new rules for e-invoicing
Costa Rica has published the ‘Executive Decree No. 44739-H—Regulation of Electronic Receipts for Tax Purposes’ in the Official Gazette on 8 November 2024. The key points of the decree are as follows: New definitions, including
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Costa Rica issues framework for automatic exchange of information for digital platform sellers
Costa Rica’s Ministry of Finance issued resolution MH-DGT-RES-0025-2024 in the Official Gazette on 6 November 2024, establishing a framework for automatically exchanging information concerning sellers operating on digital platforms. The
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Costa Rica sets rules for initial premiums on state debt payments
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
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Costa Rica lowers fuel tax rates
Costa Rica’s Ministry of Finance has reduced the single tax rates on fuels by 0.34%, effective from November 1, 2024, as per Executive Decree No. 44723-H. However, the tax on LPG will stay unchanged for six years under a provision from Law 10.110
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Costa Rica lowers alcoholic beverages tax rates
Costa Rica’s Ministry of Finance has reduced tax on alcoholic beverages by 0.34% under Article 1 of Law 7972. The revised tax rates are mentioned in MH-DGH-RES-0049-2024, which was published in the Official Gazette on 11 October 2024 and will
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Costa Rica proposes 5% tax on international flight tickets
Costa Rica’s Tourism Board (ICT) issued a draft regulation for public consultation which outlines new guidelines for the collection, management, and enforcement of the 5% tax on international flight tickets sold within Costa Rica. The draft
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Costa Rica revises 2025 moveable property tax brackets for vehicles, aircraft, vessels
Costa Rica’s Executive Branch has published the Executive Decree No. 44658-H in the Official Gazette on 30 September 2024, outlining the movable property tax brackets for the 2025 tax year. It also includes revised tax brackets for motor
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Costa Rica updates beneficial ownership registry rules, extends 2024 filing deadline
Costa Rica’s General Directorate of Taxation (DGT) and the Costa Rican Institute on Drugs (ICD) updated the regulations governing the beneficial ownership registry; they jointly issued Resolution No. MH-DGT-RES-0020-2024 / DG-336-2024 in the
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OECD: Report on Simplified Peer Review of Costa Rica under BEPS Action 14
On 16 September 2024 the OECD published the simplified peer review report on Costa Rica under Action 14 of the project on base erosion and profit shifting (BEPS). Members of the OECD Inclusive Framework have committed to implementing the minimum
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Costa Rica establishes objective selection criteria, specific risk criteria for report under CRS
Costa Rica published Resolution MH-DGT-RES-0019-2024 in the Official Gazette on 23 August 2024, establishing objective selection criteria and specific risk criteria for overseeing the reporting of financial accounts under the Common Reporting
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Costa Rica amends law to extend VAT relief, business closure rules
Costa Rica has published Law No. 10491 titled "Law to Facilitate the Regularisation of the Tax Condition in Support of Formality and the Reactivation of the Economy," in the official gazette on Monday, 19 August 2024. The Law went into force on the
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Costa Rica amends tax code regulations
Costa Rica’s Ministry of Finance published Executive Decree No. 44597-H in the Official Gazette, on 14 August 2024, amending the Tax Code and its regulations, clarifying provisions related to administrative procedures for determining tax
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Costa Rica, Switzerland to restart tax treaty talks
The Swiss Federal Council, in a release on 15 July 2024, has announced that Costa Rica and Switzerland officials have restarted negotiations for an income tax treaty between the two countries. Officials from both nations discussed bilateral and
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Costa Rica extends beneficial ownership filing deadline
Costa Rica’s Tax Administration announced an extension for the filing deadline of the informative return on beneficial ownership for companies, partnerships, and trusts. However, the announcement is yet to be published in the Official
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Costa Rica, Iceland TIEA goes into effect
The tax information exchange agreement (TIEA) between Costa Rica and Iceland took effect on 10 September, 2023. Applicable to criminal tax matters from the date it went into force, the agreement extended to other matters starting 1 January,
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Costa Rica announces consultation on draft legislation for reporting on digital platform operators
Costa Rica’s tax authority released a draft resolution, on 26 April, 2024, "Resolution on Automatic Exchange of Information Regarding Sellers Who Carry Out Relevant Activities Through Digital Platforms (Spanish)," for public consultation. The
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Costa Rica publishes amended CRS procedures
Costa Rica published, on Tuesday, 7 May, 2024, a reform to the Code on Norms and Tax Procedures in their official gazette. The reforms include updated procedures for financial entities to exchange information as per the Common Reporting Standard
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Costa Rica imposes new audited financial statement rules for large firms
On 15 February 2024, Costa Rica's Ministry of Finance published Resolution No. MH-DGT-RES-0002-2024 of 7 February 2024 in the Official Gazette. This resolution outlines new guidelines for submitting audited financial statements by taxpayers
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