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).

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