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Taxes

Popular digital services taxed 13% VAT in Costa Rica as of October 1

Dozens of international digital platforms will be subject to a 13% value-added tax (VAT) in Costa Rica beginning October 1. 

Essential groceries, some tourist services more expensive in Costa Rica as of July 1

Nearly 200 products included in Costa Rica's canasta básica, a grouping of essential goods, are more expensive as of July 1. 

Popular digital services taxed 13% VAT in Costa Rica as of August 1

Dozens of international digital platforms will be subject to a 13% value-added tax (VAT) in Costa Rica beginning August 1. 

Costa Rican Congress, President Alvarado approve controversial tax reform

The drafted law, “Strengthening public finances,” was approved in the second and final debate with the vote of 34 legislators in favor and 17 against.

Dialogue to end the strike comes to a standstill

The dialogue between the government and public sector unions that aimed to end the general strike stalled this Monday. There were mutual accusations of intransigence between the parties, which are preparing to resume talks another day.

Airport departure tax to rise in July

Even with the $2 bump in Costa Rica's airport departure tax, it still has one of the cheapest such taxes in the region.

Lawmakers look to reinstate corporate tax law

Costa Rica's Legislative Committee on Financial Affairs approved a bill to reinstate the country’s corporate tax law, which was ruled unconstitutional in 2015.

Have you received a FATCA letter?

Many U.S. expatriate taxpayers are receiving “FATCA” letters from offshore banks around the world. Here's what you need to know.

Lawmakers propose increase in exit tax to fund Costa Rica’s Olympic athletes

Lawmakers of the Legislative Commission on Childhood, Adolescence and Youth in a unanimous vote on Tuesday approved the drafting of a bill to increase from $29 to $33 the country's exit tax in order to provide funds for the National Olympic Committee.

Finance Ministry launches campaign to identify tax dodgers

Messages are being sent to owners of high-value properties or those who have recently purchased luxury vehicles but submitted tax returns reporting low income, which exempts them from paying income tax.

Finance Ministry could lower Costa Rica income tax brackets

Currently some 952,000 workers in Costa Rica are exempt from the income tax but that figure likely would decrease if the Finance Ministry approves lower income brackets used to calculate taxes.

New online tax filing system in Costa Rica starts in October

The new online platform, called Virtual Tax Administration (ATV), will be available at the ministry’s website and will replace current software taxpayers are required to install on their computers.

Finance Ministry submits tax reform bills to Legislative Assembly

Business leaders and opposition party lawmakers have already voiced their opposition to the government's proposed tax reform bills.

US taxes are due April 15, are you ready?

The FBAR, Report of Foreign Bank and Financial Accounts, has to be filed if you have more than $10,000 in foreign financial accounts.
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