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How Tax Reform In Costa Rica Will Affect Your Business

The tax laws in Costa Rica are changing and it is important to know and understand the new obligations so your business remains compliant when operating in the country.

The tax laws in Costa Rica are changing and it is important to know and understand the new obligations so your business remains compliant when operating in the country. Costa Rica’s tax reform law is called “The Law on Strengthening Public Finances” (Law #20.580) and will fully come into effect starting on 1 July 2019. This law contains four parts made up of two laws with the goal of helping to increase revenue and the other two are intended to manage costs for the country.

The four parts are:

a change from general sales tax to Value Added Tax

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