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Costa Rica VAT rises to 15% 2017

  • VAT
  • 13 March 2015 | Richard Asquith

Costa Rica VAT rises to 15% 2017

The Costs Rica VAT rate is proposed to rise from 13% to 15% by 2017 – there will be 1% rises in 2016 and 2017.

Costa Rican VAT (Impuesto General sobre las Ventas) has been in place since 1982. In addition to the rise in the standard VAT rate, certain goods, including basic foodstuffs and services, will be reclassified to the 5% reduced rate. There will be no change to the 10% reduced VAT rate But all services, excluding education will be liable to VAT.

VAT returns will be monthly, and due on 15th of the month following the reporting period. Small enterprises, below CRC 57million annual turnover, may apply for quarterly reporting.


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.