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Costa Rica Draft Decree on Goods Subject to 1% Reduced VAT Rate

|Approved Changes|Costa Rica
Costa Rica

Costa Rica's Ministry of Finance has published a draft executive decree that provides the list of goods that will subject to the 1% reduced VAT rate under Costa Rica's new VAT system, which will be implemented from 1 July 2019. This list includes several different types of goods grouped under various categories, including

  • Breads and tortillas;
  • Rice, cereals, flours, and pasta;
  • Cow's milk, ice cream, and cheese;
  • Meats, including beef, pork, chicken (including eggs), sausages, and fish;
  • Oils…

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