American Expatriate Costa Rica

Congress approves moratorium of three months on VAT-related fines

On Tuesday, the Legislative Assembly approved a bill to prevent the Ministry of Finance from applying sanctions for three months for the collection of the Value Added Tax (VAT), in force from the previous Monday.

The initiative -promoted by Pablo Heriberto Abarca, from the Christian Social Unity Party (PUSC)- seeks to freeze the collection of fines due to the misinformation that still exists between some sectors and the need for a better adaptation to the implementation in companies.

The moratorium would not apply to large taxpayers and would allow the Ministry of Finance to fulfill its task of providing adequate advice, support and training.

The initiative had 40 votes in favor and none against.

crhoy.com