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Costa Rica Draft Decree on Goods Subject to 1% Reduced VAT Rate

08 February 2019

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Approved Changes

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Costa Rica

Costa Rica's Ministry of Finance has published a draft executive decree that provides the list of goods that will subject to the 1% reduced VAT rate under Costa Rica's new VAT system, which will be implemented from 1 July 2019. This list includes several different types of goods grouped under various categories, including Breads and tortillas; Rice, cereals, flours, and pasta; Cow's milk, ice cream, and cheese; Meats, including beef, pork, chicken (including eggs), sausages, and fish; Oils, margarine, and other fats; Various fruits, legumes, tubers, and vegetables (fresh, chilled, or frozen, without any preparation); Articles for personal hygiene and...