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Costa Rica Introduces Withholding Tax on Service Payments Related to Financial Products and on Credit and Debit Card Payments

|Approved Changes|Costa Rica
Costa Rica

On 25 August 2014, Resolution DGT-R-035-2014 was published in Costa Rica's Official Gazette which introduces the requirement that financial entities processing payments for services related to Financial products must withhold 2% of the amount paid to the beneficiaries. Services payments subject to withholding include any service required to purchase a financial product.

Resolution DGT-R-036-20…

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