- Costa Rica announced a gradual reduction of the selective consumption tax on luxury items.
- Luxury items include personal care products and materials like batteries and paints.
- 17 products will have a gradual tax reduction to 10% by 31 March 2025.
- 27 products will receive full tax exemption by 30 June 2025.
- 16 products will have a progressive tax decrease to 15% by 30 September 2025.
Source: regfollower.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.
