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%.
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
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.
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.
With the objective of facilitating the fulfillment of the obligation that the corporations must provide, regarding the composition of their social capital
Pursuant to Executive Decree No. 41040-H dated April 5th, 2018, the Tax Administration establishes the mechanisms
On October 8, 2018, CONASSIF (National Council for Financial System Supervision) approved a new regulation, SUGEF Agreement 11-18, related to the registration
As of September1st, 2017 all corporations, subsidiaries, and limited liability companies that are currently registered before the National Registry
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
The so called ´Solidarity Tax´ for the Strengthening of Housing Programmes (Impuesto Solidario para el Fortalecimiento de Programas de Vivienda), Law # 8683, commonly referred to as the 'Luxury Home Tax'applies to houses, condos and apartments of which construction/building value exceeds a certain amount.
The transition to a mandatory electronic invoicing system for taxpayers got underway earlier this year, as an outcome of 2016 legislation 'to improve the fight against tax fraud' in Costa Rica. Under a 2018 schedule of phased-in compliance deadlines, Resolution No. DGT-R-51-2016
Each condominium complex has a set of bylaws or Covenants, Conditions, and Restrictions (CC&Rs) that outline all the rules, regulations, dues, rights and obligations of the condo owners.
We are pleased to present our new attorneys. This year we seek to strengthen our team with women leaders in their area by empowering them in the legal profession while we cultivate an equitable ...
As a real property and/or CR corporation owner in Costa Rica, you should be aware about taxes that need to be paid yearly. Failure to pay them would generate penalties and lead to a collection process.
The new corporation tax law, 9428, imposes a D-140 registration requirement on any and all CR corporations.
Unlike some other countries, it is not required to have CR citizenship, CR residence, nor even have permanent presence in the country to own land in Costa Rica.
The Costa Rican government recently published Law 9428: “Tax over legal entities” to be enacted on September1st, 2017.
Real estate rentals will soon be subject to the same legal requirement for electronic invoicing (factura electronica) as all other taxpayers in Costa Rica.
The ACQ Global Awards are the single largest program of their kind in the market.
Since 2008, the ACQ LAW Awards have been…
The Government of Costa Rica has signed into law #10008 “Law to Attract Workers and Remote Providers of International Services", known as the Digital Nomads Law...