Skip to content
OrbitaxOrbitax

Costa Rica Proposed Withholding Tax on Credit and Debit Card Payments

|Proposed Changes|Costa Rica
Costa Rica

On 23 June 2014, the Costa Rican tax administration published a discussion draft for the introduction of a withholding tax on credit and debit card payments.

Under the proposed change, financial entities that process credit or debit card payments for goods or services would withhold 2% of the amount paid, credited, or otherwise made available. The tax withheld would be considered an advance income tax payment due by the beneficiary.

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.