Tax stamp, among others repealed in Costa Rica

By Consortium Legal.

On December 3, 2024, Law 10586, called Tax Simplification to Increase Efficiency and Competitiveness (Phase 1), was published in the Gazette.

Through this Law, several taxes are eliminated, among them, the tax on the cutting and importation of cattle, the stamp for the Ciudad de las Niñas Association and the rehabilitation stamp, and the fiscal stamp. It was also specified that the 5% tax on the value of tickets sold in Costa Rica in favor of the ICT will only apply to international travel by air or land, previously it was for all types of international passenger transportation, now only through these two means.

Regarding the Stamp, the reimbursement of paper, regulated in articles 239 to 248 of the Tax Code and the stamp tax regulated in articles 272, 273 and 274 also of the mentioned Code were eliminated.

In relation to the acts granted in public deed, it is worth remembering that the maximum amount to be paid was the sum of 625 colones in the testimonies of public instruments with amounts greater than 1,500,000. However, the elimination also reaches the fiscal stamp tax, which corresponded to a rate of 5 colones per 1000 to be paid in the following documents provided in article 272 of the Fiscal Code.

1. 1. Testimonies and certifications of instruments, or public documents not subject to registration in the National Registry.
   2. Private documents (contracts) and those provided for in Article 273;
   3. In any power of attorney or bond;
   4. In the judicial writs of transaction or arrangement, cession or sale. In partition or adjudication of non-registrable goods.

These taxes no longer exist in our legal system since last December 3. The norm in question can be seen in the following link: https://www.imprentanacional.go.cr/pub/2024/12/03/ALCA195_03_12_2024.pdf