FAQS for Expats in Costa Rica (Part I)
Expats can apply for residency in Costa Rica: either as a fixed annuity (rentista), investor (inversionista), retiree (pensionado).
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Home Luxury Tax for 2022 (Part II)
The buyer is only jointly liable for the tax payment in the fiscal period when they are buying (according to section 7 of Law # 8683 and section 20 of the Regulation of the Solidarity Tax law)...
Home Luxury Tax for 2022 (Part I)
The entity or person obliged to file and pay the tax is that one that owns the ¨Luxury Home¨ as of January 1st of each year. This includes parties in a co-ownership as well.
Digital Nomads Welcomed in Costa Rica (Part II)
Immigration status: Beneficiaries will be granted the category of non-resident, subcategory "Worker or Remote Service Provider". The immigration benefit will be granted for one year, extendable for a single period...
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).
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.
COSTA RICA LAUNCHES TAX RELIEF IN RESPONSE TO COVID-19
As the world grapples with the pandemic of COVID-19, Costa Rica has joined other nations in providing relief in several areas.
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…
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.
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
TAX UPDATES
Pursuant to Executive Decree No. 41040-H dated April 5th, 2018, the Tax Administration establishes the mechanisms
NEW REGULATORY CHANGES FOR SUGEF REGISTRATION
On October 8, 2018, CONASSIF (National Council for Financial System Supervision) approved a new regulation, SUGEF Agreement 11-18, related to the registration
2019 ANNUAL CORPORATE TAX
As of September1st, 2017 all corporations, subsidiaries, and limited liability companies that are currently registered before the National Registry
2019 ANNUAL CORPORATE AND REAL PROPERTY TAXES
As a real property and/or CR corporation owner, you should be aware of taxes that need to be paid annually. Those who do not pay may be subject to fines and judicial collection procedures