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Costa Rica Reducing Interest Rate for Late Tax Payments and Overpayment Refunds — Orbitax Tax News & Alerts

Costa Rica's Ministry of Finance has reduced the interest rate for late tax payments and refunds of overpayments to 10.20% (from 10.31%). The rate is based on the average commercial lending rate of Costa Rica's national banks and is effective from 1 July 2021. The change is made via Resolution RES-DGH-010-2021 and RES-DGA-222-2021, published in the Official Gazette on 16 June 2021.