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BusinessCorporationsEducationGovernmentTaxes

The Education and Culture Tax was created by law N° 5923 from 1976 named Taxed for Education and Culture. Certainly, the purpose is to raise funds to support the school system as well as the programs for the Department of Culture. The tax is applicable to domestic corporations (SRLs, SAs,

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BusinessGovernmentTaxes

The approval of the new Tax Package (Law 9635) from Asamblea Legislativa (Costa Rican Congress) introduced new taxes or extended the implementation of existing taxes with the purpose to increase the revenue of the Costa Rican Government. As many of you know, the Government has been struggling to make ends

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My Two Colones

This last Saturday, I participated in a meeting with a group of expats in Grecia. The purpose of the meeting was to talk about crime, as there has been an escalation of crime in the area. The local police also attended the meeting to give some basic information about the

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BusinessCorporations

  Starting on January 1st, 2019, it is required for corporations to report with the Revenue Service (Ministerio de Hacienda) a list of shareholders who have more than 15% of the shares of the company. The report must be provided between March 1st and December 31st 2019 according to the

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CAJACCSSGovernmentHealth Care

We have updated our CAJA blog to highlight current issues we believe are vital to discuss.   The CAJA Fees Please note that the description of these fees is applicable for independent workers or voluntary contributors; it is not applicable for registered employees as a different set of rules apply

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MarchamoTaxes

According to Costa Rica’s Treasury Department, the owners of more than 2.3 million vehicles will pay an average of 7.76% less for vehicle ownership tax in the annual vehicle license collection for 2019. It is expected that a total of ¢175 billion colones be collected with this tax. Starting November

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My Two Colones

For the most part, people get extremely concerned when they hear the words recession, inflation or devaluation. Do not panic, all of these are natural stages of the economic cycle that every country has to go through over time. While it is important to have some knowledge in macroeconomics to

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Immigration

As a quick update to the imposition of penalties for overstaying in Costa Rica, it seems that a new moratorium has been decreed. Whilst it had been announced that starting November 01, 2018, tourists with expired entry stamps, temporary residence or special category visa holders with an expired DIMEX and

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GovernmentImmigration

Earlier this year the Immigration Department announced their intention to impose penalties for overstaying in Costa Rica, however, they postponed the implementation of the fines due to difficulties processing the payments. Nonetheless, a moratorium was issued soon thereafter, standstill that will be officially lifted on November 01, 2018. On October

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CultureMy Two Colones

I am on the road and I see a Costa Rican police car with the flag of China on it, and I wonder: is Costa Rica really independent? Last weekend (September 15th) Costa Rica celebrated 197th years of independence from Spain while at the same time early this month La

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