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Costa Rica: Income tax regulations; reduced VAT rate for pharmaceuticals

Costa Rica: Income tax regulations; reduced VAT rate

The income tax regulations in Costa Rica were updated in late June 2019. There are measures relating to, among other topics, dividend distributions, the tax treatment of real estate capital, and transfer pricing.

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Other measures focus on fostering the business climate in Costa Rica.

A June 2019 resolution provides for a reduced rate of value added tax (VAT) for medicines and supplies for the preparation of medicines. Effective 1 July 2019, the VAT rate is 2% for qualifying products.


Read a June 2019 report [PDF 61 KB] prepared by the KPMG member firm in Costa Rica

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