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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. 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 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 Jaime Vargas | jaime.vargas.c@es.ey.com Lourdes Libreros | lourdes.libreros@uk.ey.com Raul Moreno, Tokyo | raul.moreno@jp.ey.com Luis Coronado, Singapore | luis.coronado@sg.ey.com Document ID: 2021-6097 |