5 Major Developments in Costa Rica

5 Major Developments in Costa Rica

• Costa Rican Tax Authority clarifies Tax Treatment of Crypto-Assets

• Costa Rican Tax Authority issues a private letter ruling related to the tax treatment of crypto assets

• Costa Rica’s Tax Authority issues resolution on services related to exports exempt from VAT

• Costa Rica amends the schemes of Electronic Receipts for tax effects

• Costa Rica’s tourist services back to the general rate of 13% of VAT

Cryptocurrency and NFT

• Costa Rican Tax Authority clarifies Tax Treatment of Crypto-Assets

• Costa Rican Tax Authority issues a private letter ruling related to the tax treatment of crypto assets

E-Commerce / Electronic Services

• How the electronic invoice works in Costa Rica

Exemption

• Costa Rica’s Tax Authority issues resolution on services related to exports exempt from VAT

Fiscalization

• Costa Rica amends the schemes of Electronic Receipts for tax effects

Rate

• 13% VAT on Tourist services

• Costa Rica’s tourist services back to the general rate of 13% of VAT

• International VAT Rate Round Up: July 2023

• VAT reduction for certain medical equipment

• Costa Rica Tax Authority announces 13% VAT on tourism services from 1 July 2023