Regulations for New VAT Law

Regulations of the Value Added Tax Law in Costa Rica are in public consultation until February 4.

Tuesday, January 29, 2019

From the Ministry of Finance press release:

January 29, 2019. With the aim of achieving the greatest possible citizen participation in the implementation process of the Law to Strengthen Public Finances, from today, Tuesday, January 29 and until next Monday, February 4, the Ministry of Finance will have available to the public the proposed "Regulation of Title 1 of Law No. 9635 of December 3, 2018, called "Value Added Tax Law" (VAT).

The 106-page document can be found at www.hacienda.go.cr (banner ads) and concerns and suggestions can be sent to the email: ReglamentoIVA@hacienda.go.cr.

Once the population' proposals have been reviewed, in compliance with article 174 of the Code of Tax Standards and Procedures, the General Directorate of Taxation will submit for public consultation the final draft of the regulations that will be sent for publication to La Gaceta, to allow interested parties to send their suggestions during the 10 working days following their publication in this official newspaper. For this purpose, the final document will also be published on the institutional website (www.hacienda.go.cr, section "Proposals in public consultation", subsection "Tax Regulatory Projects").

 “We urge citizens to participate in this process, review the document and assist us with their recommendations. Our intention is that the preparation of the regulations to Law 9635 is conducted in the most transparent and participatory manner possible.

Undoubtedly, the citizen contribution will improve this first proposed regulation, a legal instrument necessary for the entry into force of VAT from next semester," said Nogui Acosta, deputy minister of Revenue.

The Value Added Tax Law is established in Title 1 of the Law to Strengthen Public Finances (No. 9635), published in the Digital Scope of Official Newspaper No. 202, of December 4, 2018; integrally reforms the sales tax system and repeals in its entirety the General Sales Tax Law (No. 6826) and its reforms. VAT regulations are found in Article 1 of the Strengthening Law, which, generally, taxes all goods and services (considerably reduces exemptions) to improve tax control and oversight.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Income Tax Law Regulations in Consultation

April 2019

Until April 26 will be in public consultation the regulations of the Income Tax Law in Costa Rica.

From the Ministry of Finance statement:

April 12, 2019. As was done with the first proposal of the regulation to the Law of Value Added Tax (VAT), the Ministry of Finance made available on its website, the first draft of the project "Modifications and Additions to the Income Tax Law Regulation", which regulates Title II of the Law to Strengthen Finance, No. 9635, of December 3, 2018.

Second Consultation for New VAT Law

March 2019

Until April 2 will be in public consultation in Costa Rica the regulations of the Value Added Tax Law, which incorporates the changes of the first proposal disclosed on January 29.

This is the second consultation carried out, since on January 29, 2019, the proposal for "Regulation of Title I of Law No. 9635 of December 3, 2018, denominated "Value Added Tax Law" (VAT) was made available to the public.

Costa Rica: Changes in Sales Tax

March 2015

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

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

• Proposal is available to read at www.hacienda.go.cr

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.

Guatemala: Government Expands Tax Reform

February 2015

Despite several announcements of new taxes, the government will focus on controlling tax evasion and leave the decision to implement a tax reform to future administrations.

According to authorities at the Ministry of Finance, at the moment there is no consensus for fiscal reform.

 close (x)

Receive more news about Government

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Coffee Farm,20 ocean view lots, waterfalls, $100,000 profit

Has everything. Ocean views, waterfalls, 20 titled building sites, profits, end of the road privacy but close to everything. Less than an hour to shopping, medical services, beaches, airport.
Spring and summer all year, in the 70s – 80s, fresh...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 30)
Brent Crude Oil
38.670
Coffee "C"
107.20
Gold
1,876
Silver
23.525