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.
Tax Law
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:
IT’S ANNUAL TAX TIME
It's Annual Tax Time
Like in other global markets, Costa Rica also has its share of annual taxes.
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.
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 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.
TAX UPDATES
Pursuant to Executive Decree No. 41040-H dated April 5th, 2018, the Tax Administration establishes the mechanisms