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Costa Rica Considering 30% VAT Reduction Due to COVID-19 — Orbitax Tax News & Alerts

Costa Rica's Legislative Assembly is considering Bill 22.013, which was presented on 2 June 2020 and provides for a temporary 30% reduction in VAT on the supply of taxable goods and services. The reduction is meant to support the economy in light of the impacts of the COVID-10 pandemic. If approved as drafted, the 30% reduction will enter into force from the date of publication and will apply for a period of one year