This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated on a regular basis. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
Customs measures for working from home for Free Trade Zone entities. (In effect).
The General Customs Administration established the applicable criteria for the transfer of fixed assets outside the authorized area for Free Trade Zone entities, with the aim of facilitating the work from home of their employees, during the sanitary emergency the country is facing.
The applicable rules are as follows:
Tax moratorium on payments of income tax, VAT and customs tariffs has been introduced.
On March 29, 2020 additional Guidance regarding the tax relief measures were released.
Regarding VAT and selective consumption taxes:
Regarding income tax:
Costa Rica’s tax authorities and tax court have suspended the ability of taxpayers to have “in-person” meetings or presentations.
Individual Income Tax
Employees can make eligible withdrawals from their defined contribution plans if their labor contracts have been terminated, temporarily suspended or their salaries have been reduced.
After the eligible employee’s application is filed and approved, the amount available to the employee is that which is available under the defined contribution plan at the time of termination, contract suspension or salary reduction.