The Costa Rican Legislative Assembly will reportedly vote on the Law to Strengthen Public Finances (Law Project 20580) by the end of April. The legislation includes a number of tax reforms, including measures for: A new value added tax (VAT) system allowing a full deduction of input VAT against output VAT on taxable supplies, while maintaining the standard 13% rate and introducing a single reduced VAT rate of 4% and certain exemptions; VAT withholding by issuers of debit and credit cards on international purchases of tangible goods, intangibles, and services via the internet and other telecommunication platforms; New provisions for...