Costa Rica Approves Tax Payment Relief to Mitigate Adverse Effects of COVID-19

Costa Rica's Legislative Assembly has approved Bill No. 21845, which was published in the 20 March 2020 edition of the Official Gazette as Law No. 9830 - Fiscal Relief for COVID-19.

The law includes a suspension (moratorium) on value added tax (VAT) payments, partial income tax payments, selective consumption tax payments, and import tariff payments normally due in April, May, and June 2020, which may be extended by executive decree for a further month. The law also provides a VAT exemption…