If you are one of the 13,000 tax contributors that have not registered to issue electronic invoices, then there is a penalty pending in the amount of ¢215,500 for each month of delay, according to the sanctions established for 2018 in the Tax Standards and Procedures Code.
But do not fear! If you register voluntarily, without any notification by the Tax Administration, the fine is reduced by 75%, remaining at ¢53,875. And if you cancel the fine the same day you make the declaration, the amount is reduced by 5% more, that is, you must pay ¢43,100 per every month of delay.
This was explained by Guillermo Varela, executive director of the GS One Costa Rica Association, who recommended taxpayers who have not yet registered with the Ministry of Finance to better avoid paying interest and extra charges.
We are concerned that there are taxpayers, especially independent professionals, who are not currently billing and believe that for this reason they should not be incorporated into the electronic billing method, but anyone who is registered in the Tax Office as a taxpayer must complete the respective procedure,”
said Varela.
After the established monthly schedule distributed by sectors and ending in May, those who did not do the corresponding procedure must update their registration to electronic invoice and pay voluntarily and thus reduce their fine considerably by avoiding official notification, in addition to interests.
According to an analysis of GS One Costa Rica, if the 13,000 taxpayers are fined for not registering on time in electronic invoice and choose to make the respective declaration voluntarily and at the same time pay the fine of ¢43,100 per month, the State would have revenues of ¢1,400 million to June 30th.
This is based on the recent statements of President Carlos Alvarado on the measures that will be implemented to raise ¢50,000 million by the end of 2018, with the electronic invoice as a means to contribute to the objective.