If you own a business or work as an independent professional, consider that last December 1st, all products, and services charged with the VAT need to include its corresponding CAByS (Catalog of Goods and Service) code when billing. The CAByS, or Catalog of Goods and Services, is an informative compendium […]
Watching movies through Netflix just got more expensive, at least for people who are domiciled in Costa Rica and/or use a Costa Rican card to pay for these type of services. Starting on August 1, the collection of 13% value added tax (VAT) for cross-border digital services will begin, in […]
If you are the owner of a property in Costa Rica and offer it for rent, you should know that Law No. 9635 (the Law for Strengthening Public Finances) introduced new obligations that you must comply with. Leases in Costa Rica are governed by Law No. 7527 (Urban and Suburban […]
The CR Congress approved a moratorium for the penalties to be imposed for non compliance with the new VAT imposed with the recent tax package. Please note that the moratorium is applicable only to the penalties to be imposed and the administrative proceedings (Proceedings by Hacienda against the business or […]
With less than a month until Law 9635 (Law for Strengthening Public Finances) comes into effect, we have received a lot of questions and concerns regarding the implementation of the new law on day to day living. The simplest way to explain the upcoming changes could be through a modest […]
The new Law on Value Added Tax, effective on July 1st, 2019 will tax all services, except those that the same law declares as exempt. Section 2 of the Law, defines as services “any operation that does not have the consideration of transfer or import of goods “. Does this […]
Under Law 9635, Law of Strengthening of Public Finances, published in La Gaceta on December 4, 2018, which establishes the validity of the implementation of VAT as of July 1 of 2019, we inform you of the following: New Value Added Tax (VAT) VAT taxes all sales of goods and […]
The approval of the new Tax Package (Law 9635) from Asamblea Legislativa (Costa Rican Congress) introduced new taxes or extended the implementation of existing taxes with the purpose to increase the revenue of the Costa Rican Government. As many of you know, the Government has been struggling to make ends […]
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