Costa Rica has published Executive Decree No. 41779 in the Official Gazette, which contains the implementing regulations for the country's new VAT system introduced by Law No. 9635 of 3 December 2018 ({News-2018-12-13/A/5-previous coverage}). The new VAT system replaces the sales tax system with effect from 1 July 2019 and includes a standard VAT rate of 13% on most goods and services. The new system also includes reduced rates of 4%, 2%, and 1%, as well as several exemptions, such as for ex…