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Costa Rica: VAT and excise tax, exempt assets acquired domestically

Costa Rica: VAT and excise tax, exempt assets

A ruling (no. RES-DGH-54-2018 / DGT-R-35-2018 (8 October 2018)) establishes a new process for value added tax (VAT) and excise tax settlements with respect to goods that are exempt from tax and acquired in the domestic market.

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The new process provides the following new procedures:

  • For beneficiaries of the free trade zone system, the tax administration will provide the “procomer” a copy of the action that resolves an application, a motion for reversal, or a file closing.
  • The ruling establishes an administrative procedure for instances when the tax administration finds differences in the information provided with the application and the evidence provided by the taxpayer.
  • The tax administration will have access to the “exonet system” to allow access to information by the tax officials processing applications presented by taxpayers.

There are exemptions with regards to purchases made with respect to:

  • The tourist incentives law (N° 6990)
  • The free trade zone law (N° 7210)
  • The law concerning tax exemptions (N° 7293)

 

Read an October 2018 report (Spanish and English) [PDF 88 KB] prepared by the KPMG member firm in Costa Rica

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