Costa Rica Seeks to Tax Cryptocurrency Purchases and Sales

Costa Ricans would have to pay tax when they buy and sell cryptocurrencies under draft rules announced in the official gazette Monday.

The public has 10 working days to send feedback to the country’s tax authority, Dirección General de Tributación.

• Under the proposal, individuals and companies would have to pay value-added tax when they purchase cryptocurrencies and related services. In addition, any capital gains earned from trading cryptocurrencies would be subject to personal and corporate income tax.
• DGT said the proposed rules are in line with guidance from Costa Rica’s Central Bank that cryptocurrency isn’t a currency. ...