VATLive > Blog > Americas News > Costa Rica VAT launch penalty suspension

Costa Rica VAT launch penalty suspension


Following this month’s introduction of a 13% Value Added Tax in Costa Rica, the government has granted a three-month suspension of any penalties. This will enable businesses to become familiar with the new indirect tax, which replaced effectively a sales tax on goods only. Many professional services, property rental and some types of insurance have been brought into the tax net for the first time.

Large tax payers, ‘GETES’ are not exempted from fines. Returns must be filled and VAT payments must still be made.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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