Costa Rica's Ministry of Finance has published a draft resolution on the tax benefits for SME's introduced by Law No. 9635 of 3 December 2018. The benefits apply for qualifying SMEs whose gross income does not exceed CRC 106 million and includes a tax reduction during the first three years of operations or commercial activities. This includes a 100% reduction in the first year, a 75% reduction in the second year, and a 50% reduction in the third year. From the fourth year, tax must be paid in full according to the applicable rate. The resolution clarifies certain aspects of...