Costa Rica: Tax relief includes deferred tax payments (COVID-19)

Costa Rica: Tax relief includes deferred tax payments

Guidance published 29 March 2020 in the official gazette provides tax relief in response to the coronavirus (COVID-19) pandemic.

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The tax relief provides extensions of time relating to value added tax (VAT), selective consumption taxes, income tax, and certain customs duties.

Regarding VAT and selective consumption taxes, the tax relief applies for tax payments due in April, May, and June. If the amount of the tax declared for these months is paid in full by 31 December 2020 (whether paid in a single payment or in installments), no interest or late-payment penalties will be imposed. Taxpayers must still comply with the tax return or tax declaration requirements.

Regarding income tax, taxpayers may forgo making partial payments corresponding to the months of April, May, and June without petitioning the tax administration, and no penalties will be assessed.

Read an April 2020 report (Spanish and English) [PDF 74 KB] prepared by the KPMG member firm in Costa Rica

Read also an April 2020 report [PDF 627 KB] prepared by the KPMG member firm in Costa Rica  and providing an overview of the tax relief measures

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