Costa Rica Proposing Change to VAT Collection Mechanism
Costa Rica’s tax administration is requesting comments on a proposal for a charging mechanism that would apply for value-added tax purposes involving certain cross-border purchases, according to a Dec. 11 post from KPMG. The draft mechanism proposes that Costa Rican…
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issuers of debit cards or credit cards collect VATs for those purchases through a digital platform, KPMG said. The platforms could choose to register with the tax administration, KPMG said, or the VAT collection mechanism would be applied and collect VAT directly through the cards, the post said.