Global

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  • Service: Tax, International Corporate Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 9/4/2012

Costa Rica - Tax administration, transfer tax for property transfers 

September 4: A new law (pending publication before final enactment) amends Costa Rica’s tax administration practice and procedure rules, and provides that indirect transfers of real property are subject to the transfer tax.

Among the tax administrative measures are increased civil penalties, changes to the rules now requiring that a taxpayer pay a tax assessment within 30 days of the date of the issuance of a notice of deficiency, and clarification that private letter rulings are no longer binding.


The tax administration is also authorized to limit the deductibility of expenses that are paid in cash after a threshold amount is met.


Read a September 2012 report (Spanish and English) [PDF 28 KB] prepared by the KPMG member firm in Costa Rica: Fortalecimiento de la Administración Tributaria y Transparencia Fiscal / Strengthening of the Tax Administration and Tax Transparency




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