Costa Rica: Adjustment of VAT reporting to minimize accounting impact from contingency measures

Allows taxpayers who did not make taxable sales but did make taxable purchases in September 2025 to make an adjustment in subsequent periods

The General Directorate of Taxation on December 5, 2025, published a resolution titled “Authority to Minimize Potential Accounting Impact Caused by the Application of the Contingency Measure,” which follows an October 2025 announcement that established contingency measures for taxpayers who did not record sales in September but made purchases. The resolution aims to grant taxpayers the authority to minimize the accounting impact resulting from these measures.

The resolution authorizes taxpayers who did not make taxable sales but did make taxable purchases in September 2025 to make an adjustment in subsequent periods. Specifically, they can declare one colón less in taxable sales reported in their value added tax (VAT) returns for October, November, or December 2025, as applicable. If they have no taxable sales in these periods, they can deduct it in the next tax period when sales occur.

Read a December 2025 report (Spanish) prepared by the KPMG member firm in Costa Rica

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Costa Rica: Adjustment of VAT reporting to minimize accounting impact from contingency measures

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