Costa Rica Plans Netflix Tax

by Mike Godfrey, Tax-News.com, Washington

Costa Rica's Government is planning to introduce a 15 percent value-added tax (VAT) on entertainment streaming services such as Netflix.

The rate could later be reduced to 13 percent, depending on the state of Costa Rica's finances.

A similar tax has already been introduced or proposed in New Zealand, Russia, Brazil, Australia, and EU countries.

The measure was proposed on August 10, as part of ongoing efforts to increase taxes and reduce the country's deficit.

TAGS: tax | value added tax (VAT) | Costa Rica | telecoms | services

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