Friday 21 January 2022

All commercial leases are exempt from VAT for April, May and June

Paying the bills

Latest

Vehicle restrictions start at midnight starting Monday, January 24

QCOSTARICA - The government announced this Friday afternoon that...

Use of PIN for card payments pushed to May

QCOSTARICA - The Banco Central de Costa Rica (BCCR)...

How Latin America Is Faring against Omicron

Q REPORTS (AS/COA) - Omicron has made its unwelcome...

A Look at Costa Rica’s 2022 Elections

QCOSTARICA - With presidential elections around the corner, on...

New daily record: 6,016 new cases of Covid-19 on Thursday

QCOSTARICA - This Thursday, Costa Rica registered 6,016 new...

Costa Rica aims to attract more tourists from Middle East as part of recovery plan

QCOSTARICA - Costa Rica is looking to recover its...

Avianca Announces Seven New Routes As It Continues Rapid Growth

Q TRAVEL (Routes) The strongest air network in Colombia...
Paying the bills

Share

All commercial leases are exempt from Value Added Tax (VAT) for the months of April, May and June, announced the Ministerio de Hacienda (Ministry of Finance).

The tax relief is applicable to all who pay rent for business premises, retail space, office space, a doctor, repair shop, for example.

- Advertisement -

To take advantage of the benefit, bot the lessee and lessor must be registered in the Single Tax Registry of the General Taxation Directorate, in the General Regime or the Special Agricultural Regime.

The exemption for the VAT includes leased property, real estate or good, the latter tangible or intangible, and that the expression “commercial activities” refers to all economic or profit activities in a broad sense.

For clarity, a person who leases a motorcycle to be used to make deliveries would be exempt from paying the VAT on the lease.

The exemption does not include rental of residential properties, which only pay the VAT on rents of ¢675,300 (currently) and above.

 

- Advertisement -
Paying the bills
Q Costa Rica
Reports by QCR staff

Related Articles

Electric cars would continue to be tax-exempt until 2034

QCOSTARICA - A bill being discussed by lawmakers would extend until...

Will that be Cash or Sinpe Móvil?

QCOSTARICA - Sinpe Móvil is easy to use. From your phone,...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.