Fiscal Amnesty in Costa Rica: How will it be?

The tax reform law that would be approved in second debate in the coming weeks, involves the exoneration of arrears and penalties for taxpayers who pay their debts in the first three months after the publication of the law.

Wednesday, November 28, 2018

The proposed measure consists of exonerating 100% of the interest on arrears and up to 80% of the penalty to taxpayers who pay in the first month after the Law is published in the official newspaper La Gaceta.

See "A Fiscal Short Break for Costa Rica"

There will also be a 70% reduction in the payment of the penalty if the debts are paid in the second month and 60% if during the third month.

In this regard, the Finance Minister, Rocío Aguilar, said to Crhoy.com that "... There is going to be a greater interest from companies. The incentive is to be right with the taxes and avoid paying fines and interest."

"... Companies and people who are in arrears or who maintain debts or disputes with the Treasury, the Imas, the Ifam and the Inder, will be the beneficiaries of an eventual tax amnesty within the tax reform proposed by the Government. Debts corresponding to tax obligations accrued before October 1, 2017 may participate in this amnesty."

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More on this topic

Tax Amnesty to Begin in Costa Rica

December 2018

On December 5th, will begin the period in which the taxpayers who pay their debts in the first three months after the publication of the Law will be absolved of arrears and sanctions.

The publication of the Law to Strengthen Public Finances in the official newspaper La Gaceta marks the beginning of the three-month period for taxpayers with debts to the Ministry of Finance, the Instituto Mixto de Ayuda Social (Imas), the Instituto de Fomento y Asesoría Municipal (Imas) and the Instituto de Desarrollo Rural (Inder) to update their accounts without charging interest and penalties.

Tax Reform: First Step

December 2018

Alvarado administration celebrates the approval of the tax reform in Costa Rica by announcing a series of initiatives that include, among other things, a public employment reform Project.

After a year of proceedings in Congress and after having been reviewed by a Constitutional Chamber, the country's Assembly finally approved file 20.580.

Costa Rica: Details of Anti Tax Evasion Bill

August 2014

Limiting the deduction of interest from income tax and eliminating the exemption from payment of 15% for dividend distribution between companies are part of the changes included in the project.

The Bill to Improve Anti-Tax Fraud, presented by the Ministry of Finance amends various tax issues that must be taken into consideration by companies operating under Costa Rican law.

Reforms to the Costa Rican Tax System

August 2011

The reforms include provision for a fine for non payment of partial income taxes, facilitation of tax refunds, and streamlining of tax collections on luxury homes.


The Legislature has approved the "Project for urgent reforms of the tax administration", the first of the proposals included in the tax reform promoted by the Chinchilla administration in the package entitled "Solidarity Tax Act."

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