Costa Rica: Changes in Sales Tax

Public consultation is being given to the draft reform proposed by the Ministry of Finance to the Law of General Sales Tax.

Tuesday, March 10, 2015

From a statement issued by the Ministry of Finance of Costa Rica:

• Proposal is available to read at

The Ministry of Finance today made available to the public, a proposal for draft amendments to the Law on General Sales Tax Act and Income Tax, aiming to open up a space to receive observations and recommendations from the sectors and citizens interested in participating in this process, which is needed to strengthen public finances and achieve a National Agreement for Social Development.

"Today we opened up a path to transparent and respectful dialogue on approaches that we believe should be considered in tax matters and to provide the residents of our Costa Rica with quality higher education, better health care, world class infrastructure, more security and protection of the environment, among many other factors that must be met for our full democratic coexistence," said Helio Fallas.

More on this topic

Costa Rica: Consultation on Tax Reform Extended

March 2015

The Ministry of Finance has postponed until April 17 the deadline for companies to make their comments on the draft legislation reforming income and sales taxes .

Originally the deadline for providing comments on the tax proposal was March 27, but at the request of several sectors it has been extended until April 17, according to the chief of Finance, Helio Fallas.

Costa Rica: Minister Calls for Tax Rise

October 2014

The Vice President and the Minister of Finance have insisted that the Assembly adopt a draft law to establish global income and convert the sales tax into value added tax.

This December is the date set for the plan to convert to sales tax into value added tax (VAT) and for the first quarter of 2015, the bill on global income. Also in 2015 a draft law will be submitted on the Framework Law on Exemptions.

Costa Rica: Income Tax Statement to Request for Loans

July 2014

The Ministry of Finance is preparing a bill that would require filing an income tax statement before applying for a loan from a bank.

The purpose of this initiative against tax evasion is for the Ministry of Finance to "... have the same status as the Costa Rican Social Security Fund (CCSS), ie that people must be up to date with payments to the institution in order to make arrangements in the public sector. "

Costa Rica: Anti Tax Evasion Bill

June 2014

The new Solís administration plans to establish the Value Added Tax and demand proof of tax payment for procedures in public institutions and on application for bank loans.

The tax reform being prepared includes a bill to reform income tax. This is part of a project by the Ministry of Finance which includes 55 specific actions among which are changes in the area of ​​income, reducing government spending and control of state borrowing.

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