Costa Rica Proposes VAT Rate Cut, Consumer Rebates, and Mandatory E-Invoicing in New Bill

Bill proposes reducing the standard VAT rate from 13% to 10% on certain goods and services.
VAT rebates must be transferred to end consumers.
Mandatory e-invoicing with detailed price breakdowns and automatic data sharing with tax authorities.
Penalties for suppliers who do not pass tax benefits to consumers.
Authorities will evaluate if at least 70% of VAT reductions reach consumers; otherwise, the rate may revert.
E-invoicing will be implemented first for large taxpayers, then for SMEs.

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.