The General Directorate of Taxation clarified this week the type of information to be provided in the 270 informative declaration, after detecting erroneous interpretations that circulated in social networks.
According to the Internal Revenue Service, this statement corresponds to the monthly summary of customers, suppliers and specific expenses that are not supported by electronic vouchers, and must be filed within the first ten calendar days of each month when there are transactions to be reported.
Taxation specified that only three types of transactions should be included: interest and commission payments not subject to VAT made to regulated financial entities; payments for services or goods provided by the State, municipalities and institutions exempted by special law, including public universities when they are not subject to VAT; and interest and commission income reported by the financial entities themselves.
The Administration also reminded that this declaration is eventual and that transactions covered by electronic vouchers should not be included. Likewise, it emphasized that reporting an expense in Form 270 does not replace the obligation to have the electronic voucher when applicable.
With this clarification, the Treasury seeks to avoid errors in tax compliance and to reinforce the correct use of the information reported by taxpayers.
This is a news service prepared by ICS. For more information about the story, write to info@ics.cr or call 2519-9992 ICS, tax specialists.