From January 1, 2023, the VAT charged on beer will align with how VAT is charged for most other products. From 2023, VAT will be calculated at point-of-sale, as opposed to the current system where there is a differentiated tax for beer and spirits, with the tax paid being an estimate of what will eventually be charged to the end consumer.
As long as inflation remains high, consumers will be price sensitive, in particular as further tax hikes are also expected. As a result, there is expected to be a focus on cheaper imported beers.
Craft beer will register growth, though from a low base. In addition, with it being difficult for small scale brewers to get shelf space within the larger retailers, brewers will concentrate on developing through online channels instead.
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Understand the latest market trends and future growth opportunities for the Beer industry in Costa Rica with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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An alcoholic drink usually brewed from malt, sugar, hops and water and fermented with yeast. Some beers are made by fermenting a cereal, especially barley, and therefore not flavoured by hops. Alcohol content for beer is varied – anything up to and over 14% ABV (alcohol by volume), although 3.5% to 5% is most common. Beer is the aggregation of lager, dark beer, stout and non/low alcohol beer.See All of Our Definitions
This report originates from Passport, our Beer research and analysis database.
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