The Tax Authorities «Ministerio de Hacienda» published on November 9, 2022, La Gaceta number 214, the resolution DGT-R-033-2022, which extends the due date for the first filing of the Informative Declaration of Inactive Companies in Costa Rica to April 30, 2023.
Taxpayers will not incur any penalty or sanction as long as they comply with the submission of the declaration for inactive corporations on or before April 30, 2023, through the tax form D-101 Sworn Income Tax Declaration or the specific tax form to be released for the informative report of these taxpayers.
The tax forms will be available for companies and corporations registered in the Single Tax Registry (RUT) with the activity code «960113», which stands for «inactive company.»
An inactive corporation is «…those companies incorporated in the country that do not have lucrative nor income-producing activity of a Costa Rican source.» That is incorporated to register assets in its names, such as vehicles or properties, and does not carry out any economic activity.
Also, please consider that you must hire a CR accountant to submit the filing, as the balance sheet and corporate accounting records are mandatory. Your accountant or authorized person will access the ATV -tax site for online tax submission- to file the forms on behalf of your corporation.
The corporate books shall be updated with the same information that will be declared on the tax forms to reflect all agreements related to the corporation balance, assets, liabilities, and equity value.
The non-compliance will carry heavy fines and penalties.
We at GM Attorneys will be pleased to help you with your legal matters in Costa Rica! Please feel free to contact us at info@gmattorneyscr.com