Costa Rica Issues Discussion Draft on Proposed VAT Changes
On 11 March 2015, the Costa Rican Ministry of Finance released a public discussion draft of proposed legislation for a new VAT regime. Costa Rica currently has an imperfect VAT system. Proposed changes include:
- The scope of VAT will be expanded to cover all supplies of goods and services in Costa Rica, with exceptions for education and health services, medicines, exports, certain financial fee…