Costa Rica's Ministry of Finance announced a consultation on draft implementing regulations for the country's new VAT system that was introduced by Law No. 9635 of 3 December 2018 ({News-2018-12-13/A/5-previous coverage}). The new system will replace the current system effective 1 July 2019. This is the second draft of the regulations and takes into account feedback from the first consultation. Areas covered by the regulations include rules concerning the scope of supplies subject to VAT, including cross-border digital services, the rules for taxable events and time of supplies, the taxable basis, the rates, the registration and return requirements, tax credits,...