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 fees, books (excluding electronic media), and others The VAT rate will be increased from the current 13% to 14% in 2016, and 15% in 2017 Exemptions will be granted for supplies of companies operating in free trade...