- Costa Rica published Executive Decree No. 44739-H on 8 November 2024
- The Decree establishes new regulations on electronic invoices for tax purposes
- These regulations update and replace the previous regulations from Executive Decree No. 41820-H of 19 June 2019
- The purpose is to provide the tax administration with effective tools to manage and supervise taxes
- Taxpayers are allowed to keep electronic records of financial and accounting information
- The tax administration can establish guidelines for how tax information should be recorded
- Taxpayers may be required to keep books, files, and records for verification of tax obligations
- The tax administration can demand that accounting records be supported by corresponding documents
- All taxpayers must have electronic means to record transactions and issue invoices according to the Law to Improve the Fight against Tax Fraud.
Source: pgrweb.go.cr
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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