Regulatory updates - Costa Rica

Changes made by the General Directorate of Taxation (DGT) in the resolution MH-DGT-RES-0013-2023 affect the reading of the electronic address on electronic receipts.

Furthermore, another important amendment pertains to the VAT taxable event for sales on credit in electronic invoicing systems. It is applicable when goods or services are taxed at the time of sale with an e-invoice with the addition.

Additional changes include:

• Two fields were added to the sales conditions: Code 10, regarding "VAT credit sales up to 90 days" and Code 11, regarding "Payment of the sale on credit in VAT in up to 90 days".
• In note number 8.1, Value Added Tax Rates, Code 09: Reduced tax rate of 0.5%, was included.
• The field name "Exemption Percentage" was adjusted to "Decimal", which gains four integers and two decimal places.

The new Resolution takes effect as of 10 September 2023. A period of 90 calendar days (three months) is granted from its effective date so that taxpayers have enough time to modify their electronic receipt systems.