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Costa Rica Providing Film Tax Incentives for Foreign Productions and Co-Productions

24 November 2021

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Approved Changes

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Costa Rica

On 16 November 2021, Costa Rican President Carlos Alvarado Quesada signed the Law to Attract Film Investments in Costa Rica. According to a release on the signing, the incentives for foreign productions and co-productions include: A 90% VAT refund on purchases of goods and services for a film project if the film investment in Costa Rica exceeds USD 500,000; An income tax exemption on payments to actors, directors, producers, and other personnel involved in a film project; and An import tax exemption on equipment and parts that are temporarily imported for a film project and on other imported tools, costumes,...