Costa Rica Among the Countries with the Lowest VAT in Latin America

    Must Read

    Like you, we are tired of corporate media that is politically driven and one sided. So we decided to focus on news that’s important to people. We’re Creating a Conscious alternative news network that we feel the world needs and we need your help! We can’t do this without you! Support news and media that matters and that can help change our world!

    After Netflix had to rectify how much Value Added Tax (VAT) it would charge Costa Ricans, it made it clear that taxes are higher in other latitudes where they offer their services.

    Costa Rica is the fifth country in Latin America that charges less VAT, along with Bolivia and El Salvador, with 13% on goods and services. The country that charges the least VAT in the subcontinent is Panama, with 7%, while Uruguay, at the other end of the ranking, taxes goods and services with 22%.

    The average VAT charged worldwide is 15%, and the Latin American average is below that percentage: 9%, according to data from Baker & McKenzie, a legal firm that advises global companies.

    The data for the comparison were extracted from official information from the Economic Commission for Latin America and the Caribbean.

    Latin American countries with lower VAT (Figure in percentages %)

    • 1. Panama (7)
    • 2. Paraguay (10)
    • 3. Puerto Rico (11.5)
    • 4. Ecuador, Guatemala and Venezuela (12)
    • 5. Costa Rica, Bolivia and El Salvador (13)
    Relocate to beach work remote
    Resonance has been created to bring together a community of digital nomads, entrepreneurs, innovators, wisdom keepers, alternative thinkers, mentors and light leaders from all over the planet to bridge the gap between demanding work and living a lifestyle that offers the opportunity to live and work in an environment that is nourishing and supportive.
    - Advertisement -

    Subscribe to our newsletter

    Get all the latest news, events, offers and special announcements.

    Latest News

    Canada at Risk of Another Devastating Wildfire Season

    The federal government says Canada is at risk of another devastating wildfire season, following an unusually warm winter, widespread...

    More Articles Like This

    Language »