Tax News Update    Email this document    Print this document  

May 15, 2023
2023-0886

Costa Rica | Free Trade Commission eliminates customs duties for certain products from China

  • The Free Trade Commission provided for in the Free Trade Agreement between Costa Rica and China has agreed to eliminate customs duties in Costa Rica's Tariff Relief Program for certain tariff items, effective as of 11 May 2023.
  • The tariff reduction for the indicated products will be included in the Customs Information System.

The Free Trade Commission provided for in the Free Trade Agreement (FTA) between the Republic of Costa Rica and the People's Republic of China agreed to grant Costa Rica's tariff reduction program a 0% import-tariff rate for products of tariff items 2101.20.10 (preparations based on tea extract, in powder form, for industrial processing) and 8516.60.00 (ovens, stoves, grills and roasters).

Therefore, through Circular MH-DGA-CIR-0026--2023, the Directorate General of Customs (DGA) informs the public that this decision will be effective as of 11 May 2023 and that the tariff reduction for the products of the indicated items will be included in the Customs Information System (TICA).

———————————————
For additional information with respect to this Alert, please contact the following:

Ernst & Young S.A., San José, Costa Rica

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement