Tuesday 21 September 2021

New VAT Payment Scheme for Agribusiness

Paying the bills

Latest

Costa Rica worsens its international image as a place to do business

QCOSTARICA - Our country, Costa Rica, worsens in how...

U.S. to relax travel restrictions for vaccinated foreign air travelers in November

(Reuters) - The United States will reopen in November...

Today’s Vehicle Restriction September 21: Plates ending in “3 & 4” CANNOT circulate

QCOSTARICA - For today, Tuesday, September 21, vehicles with...

1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do...

ELON MUSK LAYS OUT WHEN TESLA WILL START RECEIVING BITCOIN

Following the series of accusations and backlash levelled against...
Paying the bills

Share

From October 1, Costa Rican producers and suppliers in agricultural and fisheries work will be taxed through the new Régimen Especial Agropecuario (REA) – Special Agricultural Regime.

With the announcement last week, the agricultural and fishing sector have a special regime for declaring and paying VAT, which provides that coffee producers, sugarcane and beekeepers will make an annual declaration.

This does not change fiscal obligations, but allows to be adapted to the particularities of production processes, so as to facilitate compliance.

- Advertisement -

In its statement, the Ministerio de Hacienda (Ministry of Finance) said that “The formalization of the agricultural and fishing sector is a goal that the Government seeks as a support mechanism for this activity. Therefore, it was necessary to understand well its particularities and adjust the regulations in order to allow them to comply with the new legislation.”

Read full statement (In Spanish).

- Advertisement -
Paying the bills

Related Articles

Costa Rica worsens its international image as a place to do business

QCOSTARICA - Our country, Costa Rica, worsens in how it is...

500 Intel drones illuminated the night of celebration of the Bicentennial of Costa Rica

QCOSTARICA - During the celebration of the Bicentennial of Independence Wednesday...

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.