Costa Rica Reducing Interest Rate for Late Tax Payments and Overpayment Refunds
Costa Rica's Ministry of Finance has reduced the interest rate for late tax payments and refunds of overpayments to 10.20% (from 10.31%). The rate is based on the average commercial lending rate of Costa Rica's national banks and is effective from 1 July 2021. The change is made via Resolution RES-DGH-010-2021 and RES-DGA-222-2021, published in the Official Gazette on 16 June 2021.
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