• Service: Tax, Global Indirect Tax, Global Mobility Services, International Tax
  • Type: Regulatory update
  • Date: 8/7/2014

Costa Rica - Recordkeeping requirements for “large taxpayers” 

August 7: The KPMG member firm in Costa Rica has prepared reports—in both English and Spanish—addressing the following topics or developments. Read more by clicking on the hyperlinks provided below.
  • Large taxpayers required to use electronic records for purchases and sales ledgers - All “large taxpayers” are required to record electronically the purchase and sales of all merchandise and services. Read an August 2014 report [PDF 25 KB]

  • New information requirements for large taxpayers - There are new requirements for “large taxpayers” to submit and update electronically certain tax information. Read an August 2014 report [PDF 27 KB]

  • New minimum wage requirements - An executive decree establishes new minimum wage amounts. Read an August 2014 report [PDF 26 KB]

  • VAT on prepaid telephone services - Guidance on the collection of value added tax (VAT) on prepaid telephone services. Read an August 2014 report [PDF 26 KB]

  • Rules for use of e-mail correspondence with tax authorities - Guidance is effective in October 2014. Read an August 2014 report [PDF 26 KB]

©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.


Share this

Share this


Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)

Already a Subscriber? Login

Not a member? Subscribe now