If these measures are enacted, taxpayers would have until December 31, 2020, to pay tax liabilities incurred from April 1, 2020 to June 30, 2020, without the imposition of interest and penalties.

On March 14, 2020, the Costa Rican Government announced steps it plans to take to mitigate the social and economic impact of the COVID-19 outbreak. These steps include a moratorium for taxes incurred from April 1, 2020 to June 30, 2020. Under the moratorium, taxpayers would have until December 31, 2020, to pay those taxes without the imposition penalties and interest. The Government could extend the moratorium only once for a month.

Other actions the Government might take include:

• Implementation of temporary measures for social security contributions such as proportional payments (i.e., payments are equivalent to time employees worked) or deferral for those companies that maintain their payroll
• Actions aimed at improving credit conditions for companies and individuals
• Insurance and special coverage for tourists

These measures must be formally proposed and approved by Congress. They are expected to be discussed and approved soon.

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