Agribusiness: New VAT Payment Scheme

Since October 1, Costa Rican producers and suppliers in the agricultural and fishing sector have a special regime for declaring and paying VAT, which provides that coffee producers, sugarcane and beekeepers will make an annual declaration.

Thursday, October 3, 2019

The new Special Agricultural Regime (REA) does not change fiscal obligations, but it allows them to be adapted to the particularities of production processes, so as to facilitate compliance, informed the authorities.

See "Tax Benefits: Agricultural Producers Registry"

From the Ministry of Finance statement:

October 1, 2019. As of October 1, all natural and legal persons engaged in agricultural and fishing will be taxed under the new Special Agricultural Regime (REA).

This was announced on Tuesday by the President of the Republic, Carlos Alvarado, the Minister of Agriculture and Livestock, Renato Alvarado, and the Vice Minister of Finance, Nogui Acosta in a press conference at the Presidential House.

"The formalization of the agricultural and fishing sector is a goal that the Government seeks as a support mechanism for this activity. Therefore, it was necessary to understand well its particularities and adjust the regulations in order to allow them to comply with the new legislation," said President Carlos Alvarado.

Read full statement (In Spanish).



More on this topic

Change in VAT Exemption Procedure

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In Costa Rica, taxpayers interested in benefiting from exemptions or reduced rates of payment of Value Added Tax must register with the Directorate General of Taxation.

The changes were detailed on October 15, 2019, when the resolution of the General Directorate of Taxation (DGT) No.

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From a statement issued by the Costa Rican Banking Association (ABC):

Guatemala Tax Calendar January 2015

January 2015

Payment schedule for liabilities in January 2015 and Memorandum on Tax Bancarization.

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Nicaragua: DGI creates obstacles for producers

November 2008

Rules forces them to personally carried out the processes to get exemptions for each producer and for each transaction

Producers and distributors of agricultural products in the country rejected the General Administrative Regulation #15-2008 of the Income Department (DGI), which establishes the procedure for VAT exemption for the agriculture sector, the arts and crafts industry and the sports fishing industry, which could generate some $25 million dollars in new taxes for the Government.

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