The bill would change the customs law, including modifying the provisions aimed at preventing smuggling, establishing new rules for deferred payments, and modifying the procedural rules for imports. Taxpayers should continue to monitor the progress of this bill through the Legislative Assembly.
On October 19, 2021, Costa Rica’s Economic Affairs Commission of the Legislative Assembly approved a bill that would reform the General Customs Law.
The bill would modify the provisions aimed at preventing smuggling, as well as the provisions on fines. It also would establish new rules for deferred payments and incorporate “authorized economic operator” into the General Customs Law. Additionally, the bill would make procedural changes for imports and expand customs tax fraud to include smuggling.
Source EY
Latest Posts in "Costa Rica"
- Costa Rica Raises Interest Rate on Late Tax Payments to 8.52% Effective January 2026
- Costa Rica Sets 2026 School Footwear Price Cap for VAT Calculation
- Costa Rica Introduces Monthly Tax Reporting for Transactions Not Covered by Electronic Invoices Starting 2026
- Tax Authority Mandates Monthly Reports for Transactions Outside Electronic Invoicing System
- Costa Rica Begins Monthly VAT Refunds on School Supplies and Tech for Low-Income Families
