Costa Rica’s Hacienda (Treasury) will require businesses to register the Sinpe Móvil numbers used to receive payments for economic activities. This new regulation aims to increase tax compliance by tracking digital transactions. Businesses must register these numbers with the Treasury to ensure proper accounting of income. Specific deadlines and procedures for registration are pending release, but non-compliance will result in financial penalties. The move comes as Costa Rica seeks to modernize its tax collection methods and address revenue leakage from digital platforms. Further details regarding the implementation process will be announced soon, detailing how businesses in Costa Rica can comply with the new rule. The Hacienda emphasizes the importance of accurate record-keeping for all transactions processed through Sinpe Móvil.

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