In typical Costa Rican fashion, on the second day of the implementation of the Value Added Tax (VAT), the legislators approved the bill that decrees a period of three months in which the Ministerio de Hacienda (Ministry of Finance) cannot apply any penalty generated by errors in the declaration, settlement, and payment of the new tax.
Source: qcostarica.com
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
