Wednesday, 8 July 2020
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Tag: Retail Sales Tax

Beware Of Shops Double Taxing: IVA + IVI

Be alert of retail stores of charing the Impuesto al Valor Agregado (IVA) - the Value Added Tax (VAT) that went into effect on July 1, PLUS, the old retail sales tax (IVI). Both add 13% to the price of an item, the difference is...

The VAT is not the end of the world

Each home is different. However, the entry of the Value Added Tax (VAT) will represent an additional cost, which can mean an increase in running the family home. A strong change will be that of residential rents greater than c670,000 colones monthly, since the 13%...