Declaration D-151 must be presented by taxpayers in Costa Rica who made sales where electronic receipt was not used.

Certain operations were exempt from being included in the D-151 Declaration, such as exports and imports, amounts subject to withholding, and all transactions supported by electronic invoices.

The D-151 Declaration is an annual report in which the taxpayer informs the Tax Administration of the amounts related to the purchase and sale of goods and services carried out during the same fiscal year with the same client or supplier.

This declaration must include transactions exceeding ¢2,500,000 in the fiscal year with the same person or company. In the case of specific expenses, transactions must be reported if they exceed ¢0.

The declaration must be submitted by both individuals and legal entities. Failure to submit it may result in a fine of 2% of the gross income from the corporate income tax period prior to the infraction. The penalty ranges from a minimum of 3 base salaries to a maximum of 100.

The base salary is established at four hundred sixty-two thousand two hundred colones (¢462,200.00) for the year 2021, according to session number 119-20 held on December 15, 2020.

Information extracted and summarized from the Ministry of Finance website.