Update on New Corporate Tax Law (No. 9024)
The National Registry (Registro Nacional) has started collecting the new corporate tax starting this month. The tax can be paid at the National Registry or any Bank of Costa Rica (BCR). In order to...
View ArticlePaying Corporate Tax in Costa Rica
Please remember that next Monday, April 30th is the last day you can pay your corporate tax without being charged a fine by the Costa Rican government. If you are going to dissolve your corporation,...
View ArticleSetting Up a Costa Rican Bank Account
Information you need to know about how to set up a Costa Rican bank account including documents you must provide. 1. Costa Rica has Government Owned Banks and Private Banks, government banks are bonded...
View ArticleA PRACTICAL GUIDE TO PURCHASING PROPERTY IN COSTA RICA
PURCHASING TITLED PROPERTY (with an escritura) Buying property in Costa Rica is a safe and simple procedure if you follow some simple guidelines. I say safe because Costa Rica is a long established...
View ArticleGovernment transfer taxes and registration fees, Notary Legal fee, and...
Government Transfer Tax and Registration Fees. Real Estate Transfer Tax. – The government collects a property transfer tax (Impuesto de Traspaso ) which is equal to 1.5% of the registered value of the...
View ArticleDeadline for payment of annual corporate taxes 2013
January 28th, The deadline for payment of annual corporate taxes is Thursday, and as of Friday, only 11% of registered corporations had paid the obligation.So far, less than 59,000 corporations have...
View Article2013 NEWS LETTER with updates on Costa Rica Law
FROM THE DESK OF LIC. JOSE JUAN SANCHEZ CHAVARRIA “2013 NEWS LETTER”: a business intelligence report: 1. Statutory acts: 2012 was a year with some statutory legislation passed by the CR Parliament,...
View ArticleCosta Rican Vehicle Owners Need to Register with Cosevi by End of April 2013
Costa Rican Vehicle Owners Need to Register with Cosevi by End of April By April 26th of this year, all vehicle owners in Costa Rica must register their email by filling out and sending a special form...
View ArticleCo Ownership or Joint Ownership
1. Concept: (Coderechos o Co Propiedad): co ownership or joint ownership is based on art. 270 of the CR Civil Code of 1.886, which reads: “When a thing (object of ownership) belongs simultaneously to...
View ArticleCorporations tax 2015 updated information.
The court has declared today that the corporations tax will no longer be applicable as they believe it is unconstitutional, but the decision will be in place for fiscal year 2016. For those who...
View ArticleNew Costa Rica Express Eviction Law Passed
In Costa Rica evicting a tenant from a rental property could at times be a daunting task. The tenant would play the legal system and invoke ridiculous arguments just to extend the process and remain in...
View ArticleProperty tax in Costa Rica, or Impuesto sobre la propiedad
If you own property in Costa Rica, you have to pay annual property tax, payable quarterly. Most municipalities will give you a discount if you pay the whole year in advance. The tax is 0.25 percent of...
View ArticleClosing cost in Costa Rica
Closing costs – registration fees, notary and attorney fees, documentary stamps and transfer taxes – will amount to no more than 6% of your total purchase price. The payment of closing costs is...
View Article12 steps to purchase Costa Rica real estate
1. Can a foreigner purchase Costa Rica real estate? Any foreigner, resident or non-resident has the same rights as a citizen, except for voting rights at presidential and municipal elections and can...
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Corporation taxes update 2017
As per regulation of Law No. 9428 as of September 1 2017, government will begin to collect the tax on corporations, and for 2017 the amount of payment will be partial and prorate for the current tax...
View ArticleNew taxes and Requirements for Corporations in Costa Rica
As of September 2017 there is a new, one-time only, requirement for ALL Costa Rican corporations, including inactive ones, to file a D-140 tax registration this year. Failing to file the D-140 results...
View ArticleCorporations tax 2015 updated information.
The court has declared today that the corporations tax will no longer be applicable as they believe it is unconstitutional, but the decision will be in place for fiscal year 2016. For those who...
View ArticleNew Costa Rica Express Eviction Law Passed
In Costa Rica evicting a tenant from a rental property could at times be a daunting task. The tenant would play the legal system and invoke ridiculous arguments just to extend the process and remain in...
View ArticleProperty tax in Costa Rica, or Impuesto sobre la propiedad
If you own property in Costa Rica, you have to pay annual property tax, payable quarterly. Most municipalities will give you a discount if you pay the whole year in advance. The tax is 0.25 percent of...
View ArticleClosing cost in Costa Rica
Closing costs – registration fees, notary and attorney fees, documentary stamps and transfer taxes – will amount to no more than 6% of your total purchase price. The payment of closing costs is...
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