On 7 March 2019, Costa Rica published Law No. 9642 in the Official Gazette, which provides restrictions on tax exemptions where a taxpayer fails to comply with tax and social security contribution requirements. Law No. 9642 replaces Article 62 of the General Tax Code (Law No. 4755) concerning the required terms and conditions for tax exemptions. This includes that, in all cases, individuals or legal entities that request an exemption must be up to date with all tax obligations administered by the Ministry of Finance and all obligations before the Costa Rican Social Security Fund. Further, failure to comply with any obligations as determined within a due process will be cause for the loss of any exemption that has been granted. A new Article 64 bis is also added to the Tax Code, which contains similar compliance conditions.

Law No. 9642 entered into force the day it was published.