26 October 2021

Costa Rica´s Economic Affairs Commission of the Legislative Assembly approves reform of General Customs Law

The bill would change the customs law, including modifying the provisions aimed at preventing smuggling, establishing new rules for deferred payments, and modifying the procedural rules for imports. Taxpayers should continue to monitor the progress of this bill through the Legislative Assembly.

On 19 October 2021, Costa Rica’s Economic Affairs Commission of the Legislative Assembly approved a bill that would reform the General Customs Law.

The bill would modify the provisions aimed at preventing smuggling, as well as the provisions on fines. It also would establish new rules for deferred payments and incorporate “authorized economic operator” into the General Customs Law. Additionally, the bill would make procedural changes for imports and expand customs tax fraud to include smuggling.

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For additional information with respect to this Alert, please contact the following:

Ernst & Young, S.A., San José, Costa Rica

Rafael Sayagués | rafael.sayagues@ey.com

  • Juan Carlos Chavarría | juan-carlos.chavarria@cr.ey.com

  • Carolina Palma | carolina.palma@cr.ey.com

  • Ana G Sánchez Wellermann | gabriela.sanchez@cr.ey.com

  • María Sequeira | maria.sequeira@cr.ey.com

  • José Martínez Loría | jose.martinez.loria@cr.ey.com

  • Daniela Torres Gatica | daniela.torres.gatica@cr.ey.com

  • Daniela Amador Morales | daniela.amador@cr.ey.com

  • Cindy Bermúdez Arce | cindy.bermudez@cr.ey.com

  • Mariano Fernández | mariano.fernandez@cr.ey.com

  • Michael Murcia Angulo | michael.murcia@cr.ey.com

  • Sergio Valenciano | sergio.valenciano@cr.ey.com

    Ernst & Young LLP (United States), Latin American Business Center, New York

    Lucas Moreno | lucas.moreno@lan.ey.com

  • Ana Mingramm | ana.mingramm@ey.com

  • Pablo Wejcman | pablo.wejcman@ey.com

  • Enrique Perez Grovas | enrique.perezgrovas@ey.com

    Ernst & Young Abogados, Latin America Business Center, Madrid

    Jaime Vargas | jaime.vargas.c@es.ey.com

    Ernst & Young LLP (United Kingdom), Latin American Business Center, London

    Lourdes Libreros | lourdes.libreros@uk.ey.com

    Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

    Raul Moreno, Tokyo raul.moreno@jp.ey.com

  • Luis Coronado, Singaporeluis.coronado@sg.ey.com

    Document ID: 2021-6097