Disable the NSFW warnings that refer to content considered inappropriate in the workplace (Not Suitable For Work).

Switch to the dark mode that's kinder on your eyes at night time.

Switch to the light mode that's kinder on your eyes at day time.

in Costa Rica

Construction will become more expensive with tax reform

by Q COSTARICA Wednesday 13 February 2019, 4:07 pm 1.1k Views

With the entry into force of the Value Added Tax (VAT) – Impuesto al Valor Agregado (IVA) in Spanish -, all services necessary to complete a construction process will increase by having to charge a tax of 13% on the invoices issued.

This is a component of the Ley de Fortalecimiento de las Finanzas Públicas, commonly referred to as the “Reforma Fiscal” (Tax Reform) which will go into force as of July 2019.
At present the necessary services for the construction of a building or project, do not pay the 13% sales tax; for example, fees of a civil engineer, architect, subcontracted labor, surveyor, the subcontracting of a security company during construction, and the insurance corresponding to the development of the work, among others.
According to German Morales,