Costa Rica's Ministry of Finance has reduced the interest rate for late tax payments and refunds of overpayments to 10.54% (from 12.20%). The rate is based on the average commercial lending rate of Costa Rica's national banks and is effective from 1 October 2020. The change is made via Resolution DGH-042-2020 and DGA-425-2020, published in the Official Gazette on 16 September 2020.