In the Scope No. 65 to La Gaceta No. 64 of March 29, 2020, the “Regulation to Law No. 9830 of March 19, 2020, on Tax Relief before Covid-19” was published. Regarding the moratorium of the customs tax obligation on the final import of merchandises, it regulates: Subject: Individuals or legal entities registered as taxpayers in…
Category Archives: News
30
Mar
Mar
The General Tax Office and the Costa Rican Institute on Drugs issued a new Joint Resolution of General Scope for the Registry of Transparency and Ultimate Beneficiaries No. DGT-ICD-R-06-2020, which was published in La Gaceta No. 65 of March 30, 2020. Through this Resolution, the previous resolution is repealed, and important changes are issued in…
26
Mar
Mar
On March 21, 2020, the Government issued the executive Decree No. 12 (“the Decree”), whereby it has established several measures to contain the COVID-19 pandemic. Some of its most important aspects include: Purpose: the purpose of the Directive is to impose a national household quarantine and to limit commercial activities for 30 days. The Directive…
Blog, News
Work from home for Free Trade Zone Companies during National State of Emergency in Costa Rica for COVID-19
26
Mar
Mar
By circular DGA-006-2020 of March 19, 2020, the General Directorate of Customs authorized Free Trade Zone companies to take the following measures while the National Emergency Decree remains in force. Transfer of computer equipment and furniture Transfer the necessary and indispensable computer equipment and furniture, so that the employees can carry out the functions authorized…
26
Mar
Mar
General On March 18, 2020, decrees for the measures of the Economic Response and Relief Plan were submitted to the Legislative Assembly, pending their approval. This includes funding to create the $2 billion Emergency, Recovery and Economic Reconstruction Fund, which will include $50 million for micro and small businesses to create productive capacity and ventures,…
26
Mar
Mar
Last week Guatemala joined the list of countries that confirm the existence of the COVID-19 virus, making this situation an imminent call to all businessmen and leaders of institutions, including educational centers, to review and raise the need for a plan of internal prevention, protocols and guidelines that indicate the appropriate handling of any situation…
25
Mar
Mar
The Government of Costa Rica, today 23rd of March 2020, announced stronger sanitary measures to reduce the spread of COVID-19 in the country. In this sense, the following was expanded in terms of immigration measures: As of March 24, 2020, any foreign person who is a Resident or with any approved regular status in the…
25
Mar
Mar
Due do the actual state of emergency declared by the Government and the corresponding guidelines that have been issued to prevent the Coronavirus (Covid-19) from spreading, its essential to know the main implications of this situation on tenders in process and contracts that are in execution under the Public Procurement Regulations. What happens with the…
Blog, News
Authorization of Extensions of Temporary Import Certificates, Tourist Category, by Emergency of COVID-19
25
Mar
Mar
Costa Rica´s General Directorate of Customs authorized the beneficiaries of the tourist category temporary importation regime to extend their temporary import certificates for the authorized period of their immigration status established by the General Directorate of Immigration and Foreigners (Guideline DGA-005-2020 of March 24th, 2020) Scope: The extension will apply to land, air or water vehicles,…
24
Mar
Mar
1. Central Bank – Monetary Policy Measures – The Boards of Directors of the Central Bank of Costa Rica has approved the following measures: A reduction of the Monetary Policy Rate (“TPM” for its acronym in Spanish) by 100 basis points, to 1,25% annually, applicable as of March 17, 2020; A reduction of the interest…