Today was published in the Official Gazette La Gaceta a Resolution of the General Directorate of Taxation in conjunction with PROCOMER, regarding the procedure for registration and tax refunds established in Law No. 10071 for attracting film investments in Costa Rica.
The regulations establish that once the Specific Film and Audiovisual Investment Project has been approved by PROCOMER and prior to any film activity, the project must be registered with the General Directorate of Taxation, so that all electronic receipts generated by the payment of value added tax (hereinafter "VAT") can be correctly accounted for and, therefore, define whether or not the VAT refund is applicable.
Finally, it is worth mentioning that this incentive may only be taken advantage of by individuals or legal entities not domiciled in Costa Rica whose objective is to carry out film projects in the country.