- Costa Rica introduced new e-invoicing regulations on November 8th to enhance tax compliance and streamline processes between taxpayers and the General Tax Directorate
- Key updates include the electronic payment receipt for validating partial payments in credit transactions, increasing transparency and accuracy
- The electronic purchase invoice supports acquisitions of intangible goods and services from suppliers outside Costa Rica or from exempt entities
- Existing provisions remain for non-issuing electronic receivers who must confirm or reject electronic invoices related to their business operations
- Taxpayers can use free invoicing systems provided by various ministries, available to registered professionals, micro and small enterprises, and certain other groups
- The General Tax Directorate will set a timeline for implementing these changes, including updates to electronic invoice structures and annexes
- Taxpayers are advised to stay informed and prepare for the new regulations to ensure compliance
- The regulation aims to modernize Costa Rica’s tax system, improving business efficiency and enhancing tax authority oversight
Source: auxadi.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
