Costa Rica: Debt Forgiveness for Tourism Companies

A bill intends to forgive, subject to conditions, payments owed for sales tax, interest and penalties by businesses in the tourism sector.

Wednesday, November 12, 2014

From a statement issued by the President of Costa Rica:

Bill proposes to waive debts held by tourism businesses

• exemptions will be given from payment of sales tax, interest and penalties.
• Government will send the file immediately to the Legislature.

The Executive presented (Tuesday November 11) a bill to remit payments for sales taxes, interest and penalties for tourism businesses, which are a product of delivery of services and at recreation centers and similar places, incurring tax in accordance with the Law of General Sales Tax (IGV).

"The project covers only businesses and tourist activities, who before the effective date of this Act, had not been registered as taxpayers of sales tax and who have provided services in recreation centers or similar, but only if they register as taxpayers." said the Vice President of the Republic, Ana Helena Chacón.

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