The National Assembly approved (after the second debate) a bill to address the fiscal impact of coronavirus (COVID-19) in Costa Rica.
Taxpayers identified as “article 2 taxpayers” will not be required to make advance payments of income tax during the months of April, May, and June 2020. This relief is not available for taxpayers that are required to pay their annual income tax “liquidation” during these months.
Other measures in the legislation provide, among other items, for a moratorium on the payment of value added tax (VAT), excise tax, and customs taxes and duties. Further, there is an exemption from VAT on commercial leases for the months of April, May, and June 2020 if both the lessee and the lessor are registered in the taxpayer registry.
Read a March 2020 report (Spanish and English) [PDF 155 KB] prepared by the KPMG member firm in Costa Rica