- 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.
Source: globalvatcompliance.com
Click on the logo to visit the website
See also
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.
Latest Posts in "Costa Rica"
- Costa Rica Allows VAT Adjustment for Taxpayers With No Sales but Purchases in September 2025
- Costa Rica Updates VAT Rules to Exempt Electricity Purchases
- 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
