Costa Rica: Tax incentives for foreign investors, tax administrative measures

Tax administrative and legislative initiatives

Tax administrative and legislative initiatives

Various tax administrative and legislative initiatives include the following:

  • A bill (no. 22,542) establishes tax incentives for investments made by foreign innovation and technology companies
  • An executive decree (no. 43047-MTSS) regarding reform of the procedure for the suspension of labor contracts
  • A measure requiring all importers and exporters engaged in commercial activity to be registered in a “virtual tax administration” portal (ATV)
  • An update of the interest rate for underpayments and overpayments of tax
  • A resolution from the tax authority (No. DGT-R-22-2021) regarding the criteria for classification of “large national taxpayers” to replace the category of “large territorial companies”
  • A resolution (RES-DGH-008-2021) regarding the procedure to be followed to request the refund of the taxes paid on imports when an exemption application cannot be timely made

Read a July 2021 report (Spanish and English) [PDF 313 KB] prepared by the KPMG member firm in Costa Rica


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