ESTATE PLANNING IN COSTA RICA
'Da tua dum tua sunt, post mortem tunc tua non sunt'.
(Give that which is yours while it is yours; after death, it is not yours).
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MANDATORY DISCLOSURE WITH THE CENTRAL BANK FOR 2019 AND 2020
CR Tax office published on their webpage the list of corporations that didn't comply with the 2019 mandatory disclosure submission.
MANDATORY DISCLOSURE SUBMISSION FOR 2020
According with the resolution DGT-ICD-R-06-2020 issued by the CR Tax Office:
The 2020 ordinary declaration must be filed in September instead of April.
2020 PROPERTY TAX
Due: March 31stof each year.
Property owners must pay Property Tax (Impuestos Bienes Inmuebles) and garbage collection fee (recolección basura) to the Municipal Government where the property is located.
COVID-19
We have implemented preventive measurements before COVID - 19 and we trust the actions of our health authorities and Government.
DEADLINE FOR 2019 MANDATORY CORPORATE DISCLOSURE BEFORE THE CENTRAL BANK
CR tax office published on March 26 the resolution DGT-R-005-2020 that explains the process to be followed to enforce the fines and penalties to those corporations whose legal representatives did not submit, on or before March 31st, the 2019 mandatory form:
FLY INTO COSTA RICA
Starting November 1st, 2020 tourists from any and all countries will be allowed to fly into Costa Rica
IT’S ANNUAL TAX TIME
It's Annual Tax Time
Like in other global markets, Costa Rica also has its share of annual taxes.
SOME FACTS ABOUT CR ESTATE PLANNING
‘Da tua dum tua sunt, post mortem tunc tua non sunt’. (Give that which is yours while it is yours; after death, it is not yours). Executing a testamentary disposition or a will, in Costa Rica called ‘testamento’, can be…
MANDATORY SHAREHOLDER REGISTRATION CAN BE MADE UNTIL JANUARY 31st 2020 WITHOUT FINES
The Tax Office clarifies and ratifies that the first submission and disclosure can be made no later than January 31st2020 without fines or penalties.