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.


Related content

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

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal