OrbitaxCosta Rica Tax Reform Law Published Including New VAT System, Interest Deduction Restrictions, Capital Gains Tax, and Other Changes
|Approved Changes|Costa Rica
On 4 December 2018, Costa Rica published Law No. 9635 in the Official Gazette, which includes several tax reform measures.
New VAT System
One of the most important aspects of the law is the replacement of the current sales tax system with a value added tax (VAT) system providing for the deduction (credit) of input VAT against output VAT on taxable supplies. Key points of the new VAT syste…
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