The world is changing and with it, people change their natural and legal status (companies, societies, associations, foundations, etc.), change their personal relationships, and consequently change their social and commercial relationships. With so much change, nothing is certain in life, except for two things that the president of the United States George Washington mentioned in…
GAZETTE SUMMARY BILLS OF LAW Exchange of tax information between Costa Rica and the United Arab Emirates (UAE) In draft form, the “Agreement between the Republic of Costa Rica and the Government of the Arab Emirates for the elimination of double taxation on income taxes and capital gains, as well as the prevention of tax…
On February 28, 2019, upon publication in the Official Journal, the Gazette, the Law of Amendments and Additions to law No. 822, Tax Agreement Law (Law No. 987), which modifies significant elements of the majority of the taxes contained in the Tax Agreement Law (hereinafter the “LCT”) entered into force. Subsequently, on March 15, 2019,…
GAZETTE SUMMARY <h3″>EXECUTIVE DECREES</h3″> Incentives for Electric Vehicles The Regulations under the Law of Incentives and Promotion for Electric Transportation have been issued. The economic incentives for electric vehicles included in the Law are the following: Exemption from the General Sales Tax, proportional Exemption from the Excise Tax, proportional Exemption from the customs duties, proportional…
New Changes to E-Commerce Regulations This past October, a specific chapter was included in the Law to Promote Competition and Effective Defense of Consumers Regulations, in connection with “Consumer Protection in the context of E-Commerce”. The main areas affected by this reform are the following: Advertising on websites: There is now a list of mandatory information…
As previously indicated, the deadline to file the 2020 sworn statement for the Transparency and Final Beneficiaries Registry was initially moved up to September, 2020. The Tax Authorities and the Costa Rican Drug Institute, however, issued a new resolution, in light of the continuous irregular situation generated by COVID-19. This new resolution, numbered DGT-ICD-R-19-2020, ordered…
President of Guatemala asks Congress of the Republic to approve temporary measures to address the COVID-19 crisis On Wednesday, March 18, 2020, President Alejandro Giammattei appeared before the Congress of the Republic to announce the implementation of a National Program for Emergency and Economic Recovery, in the context of the health crisis of COVID-19. This…
These guidelines were approved by the Council of Ministers for Economic Integration (COMIECO) and the Council of Ministers of Health of Central America and the Dominican Republic (COMISCA), with the following goals: Establish coordinated procedures to prevent the spread of COVID-19, Ensure the health of cargo carriers, Cleaning and disinfection of means of transport and,…
On June 15th, 2020, the Ministry of Labor and Social Security published the Governmental Agreement 79-2020, that contains complementary dispositions to the Regulation of Occupational Health and Safety, for the prevention and control of outbreaks of SARS COV-2 in work centers. The Agreement establishes obligations and prohibitions for employers and employees, among which the following stand…
During the term of the State of National Emergency, the Costa Rica´s Customs Directorate authorized the documentary and physical verification of the documents and merchandise with copies, impressions or simple photocopies of the documents required by each regime and modality. Responsibility: The Auxiliaries of the Customs Public Function, importers and exporters, as indicated by law,…