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Costa Rica Consulting on Resolution Restricting Credit/Debit Offsets Against Taxes Earmarked for a Specific Purpose — Orbitax Tax News & Alerts

Costa Rica's Ministry of Finance has published a draft resolution for consultation that would restrict the offset of credits or debits against taxes that have been earmarked for a specific purpose. The simple resolution provides that in the case of taxes with a specific purpose, compensation with credits or debits of another tax will not be allowed, even if it is administered by the General Directorate of Taxation. Subject to final approval, the resolution would apply from the date published in the Official Gazette.