The Panamanian government estimates that the measure could generate more than $100 million a year and has indicated that the collection would be based primarily on transactions made with credit cards. This represents a dizzying increase compared to the $507 billion recorded in 2023. Their measurement includes retail, travel, transportation, delivery, streaming, video games, and other digital services. The World Trade Organization estimates that over $5 trillion worth of services are sold online. ” Costa Rica’s VAT is 13% and the collection of taxes on cross-border digital services formally began on October 1, 2020, according to the Ministry of Finance.