Posts In Category


GovernmentReal EstateTaxes

The solidarity tax, also known as the “tax on luxury homes,” was created by Law No. 8683 on November 19, 2008 and had been in effect since October 1, 2009. The official title of this tax is the Solidarity Tax to Strengthen Housing Programs. This tax was created to fund

Read More

Per Resolution Nº DGT-R-075-2019, published in La Gaceta on December 20th, 2019, the Ministerio de Hacienda has finally provided a resolution on how Inactive corporations are required to proceed regarding tax returns. See the information below for details. This Applies To: Inactive legal persons (corporations which do not perform profitably).

Read More

The CR Congress approved a moratorium for the penalties to be imposed for non compliance with the new VAT imposed with the recent tax package. Please note that the moratorium is applicable only to the penalties to be imposed and the administrative proceedings (Proceedings by Hacienda against the business or

Read More

Two congress women put two separate bills in congress with the intention to charge additional taxes to tourist, as well as implementing other requirements.  One of the bills was brought by Shirley Díaz from the PUSC and the other by Paola Vega from PAC. The intention of the bills is

Read More
BusinessReal EstateTaxes

With less than a month until Law 9635  (Law for Strengthening Public Finances) comes into effect, we have received a lot of questions and concerns regarding the implementation of the new law on day to day living. The simplest way to explain the upcoming changes could be through a modest

Read More

The new Law on Value Added Tax, effective on July 1st, 2019 will tax all services, except those that the same law declares as exempt. Section 2 of the Law, defines as services “any operation that does not have the consideration of transfer or import of goods “. Does this

Read More

Under Law 9635, Law of Strengthening of Public Finances, published in La Gaceta on December 4, 2018, which establishes the validity of the implementation of VAT as of July 1 of 2019, we inform you of the following: New Value Added Tax (VAT) VAT taxes all sales of goods and

Read More

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,

Read More

As many of you know, the Costa Rican government has a big debt problem and is in the process to increase the revenue through numerous means, one of the them is to improve the income tax on corporations and people. In addition, the country is attempting to join the Organization

Read More

The Revenue service of the Ministry of Finance (Hacienda) announced at the beginning of 2019, that they will request the Public Registry for the dissolution of 74,185 corporations, which together owe the revenue service more than ¢ 10,600,000,000 (Roughly $17,500,000 USD) for failing to pay the corporate taxes, for three

Read More