The General Directorate of Taxation of Costa Rica consulted the Union of Chambers and Associations of the Private Business Sector (Uccaep) a resolution in which it proposes to tax the purchase of crypto assets with 13% of the value added tax (VAT), and with 15% to capital gains, which are obtained by buying them at one price and selling them at another.
Digital assets include crypto assets, as the Central Bank calls them, or cryptocurrencies, as they are commonly called. Taxation bases its claims on the issuer defining crypto assets as intangible assets and not as currencies used to pay for goods and services.
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According to the Technical Note of the Central Bank of Costa Rica 01-2019, it details Taxation among the recitals of the resolution, cryptocurrencies can be understood as an asset that does not have physical representation, they are put into circulation by…