Thursday, 22 October 2020

Poor households will receive about ¢15,000 a year in 2022 for the refund of VAT to the basic food basket

QCOSTARICA - Families in the 20% of poor households (those whose income is not...

Staying at home costs 13% more!

On October 1, the 13% Value Added Tax (Impuesto a Valor Agregado or IVA)...

Netflix confirms Costa Rica users will charged VAT from October 1

(QCOSTARICA) Starting October 1, Netflix users in Costa Rica will see the 13% Value...

President signs law that frees tourism of VAT for another year

(QCOSTARICA) President Carlos Alvarado, this Tuesday singed the law that exempts, for another year,...

Every colon counts for the 1.2 million Ticos hit by the VAT

(QCOSTARICA) The entry into force of the 1% of the Value Added Tax (VAT)...

Costa Rica got more expensive this morning, July 1

(QCOSTARICA) Starting from today, July 1, 2020, articles of the basic basket and agricultural...

Netflix, Amazon and other digital platforms will be more expensive on August 1

(QCOSTARICA) Either through the provider directly, or card issuers, Netflix, Tinder, Amazon and other...

Services and products would cost more in July

(QCOSTARICA) Tighten the purse strings, come July we can expect to pay more for...

Treasury Proposes Tax Grab On Online Services

The Ministerio de Hacienda (Ministry of Finance) proposes to charge the 13% Value Added...

New VAT Payment Scheme for Agribusiness

From October 1, Costa Rican producers and suppliers in agricultural and fisheries work will...

How much did prices go up during the first month of the VAT?

The year-on-year increase in consumer prices reached 2.89% during July, the first month of...

President asks Hacienda to explain the impact of VAT on fuel prices

Costa Rica President, Carlos Alvarado, asked officials of the Ministry of Finance (Ministerio de...

Ticos say they will sacrifice fast food and beer because of the VAT

Jonathan Jiménez likes his beer. Every quincena (pay weekend) he spends between 20 and...

Hacienda publishes a list of VAT exempted

The Ministry of Finance published on Thursday, July 10, the list of entities that...

Beware Of Shops Double Taxing: IVA + IVI

Be alert of retail stores of charing the Impuesto al Valor Agregado (IVA) -...

Tax Police Perform First Operation In Shops To Verify VAT

Retail stores in the Mall San Pedro were one of the first to get...

Moratorium On VAT Sanctions Approved

In typical Costa Rican fashion, on the second day of the implementation of the...

The VAT is not the end of the world

Each home is different. However, the entry of the Value Added Tax (VAT) will...

Three Month Moratorium On VAT Sanctions

The Ministerio de Hacienda (Treasury) announced on Friday a three-month moratorium on "sanctions, arrears,...

Exporters in trouble for VAT will get an extension

The permit that the exporters have to buy without the Value Added Tax (VAT)...

“Costa Rica would lose tourism competitiveness due to new requirements”, business sector

A charge of US$15 to tourists who want to enter Costa Rica, as proposed...

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