IT’S ANNUAL TAX TIME
It's Annual Tax Time
Like in other global markets, Costa Rica also has its share of annual taxes.
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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.
2019 TAX REFORM FAQ
Part II:
On July 1, 2019, Costa Rica a major Tax Reform went into effect nationwide. The government did not provide enough information before July 1.
2019 TAX REFORM FAQ
Part I:
On July 1, 2019, Costa Rica a major Tax Reform went into effect nationwide. The government did not provide enough information before July 1.
CAPITAL GAINS IN REAL ESTATE
The Law #9635 creates a Capital Gains Tax of 15% which will apply to all investment income and real estate.
For real estate transactions the law provides a one-time exemption for property owners that owned property before the law came into effect on July 1st 2019.
WHAT IS THE VALUE ADDED TAX (VAT)
The Value Added Tax (VAT) is an indirect tax that taxes the consumption, which means that when a person (customer) makes a purchase of a good or service, is paying this tax at a general rate of 13% or in any of the reduced rates of 4%, 2% or 1%.
NEW STARTING DATE FOR THE MANDATORY SHAREHOLDERS REGISTRY WITH THE CENTRAL BANK OF COSTA RICA.
With the objective of facilitating the fulfillment of the obligation that the corporations must provide, regarding the composition of their social capital, as well as the identification of the final beneficiaries, as mandatory in the Law to Improve the Fight against Tax Fraud
NEW CAPITAL GAINS TAX IN COSTA RICA
With the approval of the Law #9635, among the taxes and changes that brought, it was created a Capital Tax Gains of 15% which applies to investment income and real estate.
ANNUAL CORPORATION TAX: DON’T FALL BEHIND
Do you own property or a business in Costa Rica?
Most expats form a corporation (SA or SRL )to purchase investment real estate or open a business.