September 8, 2022
Costa Rica enacts law on tax exemption regimes that are under Treasury supervision
On 1 September 2022, Costa Rica enacted Law No 10.2861 (the Law) regarding tax exemption regimes. The Law is applicable to exemptions that are under the supervision of the General Directorate of Treasury and includes provisions related to the procedure for granting tax exemptions, the procedures for the control and revocation of tax exemptions as well as a new sanctioning regime applicable for non-compliance with the tax exoneration regime.
Among others, the Law includes:
The Law entered into force on 1 September 2022.
For additional information with respect to this Alert, please contact the following:
Ernst & Young, S.A., San José, Costa Rica
Ernst & Young LLP (United States), Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
1 The name of the law is "Law on exemptions regimens, their granting and the control over their use and destination, Law N° 10.286" (in Spanish: "Ley de regimens de exenciones del pago de tributos, su otorgamiento y control sobre su uso y destino").