The payment of Corporate taxes is in force since 2017 according to the law N° 9428 and all companies registered in Costa Rica are obliged to do so by January 31st, 2023. Who should pay this tax? The tax will be applicable to the following business: Sociedades
A fundamental step in due diligence is to verify that the property is up-to-date with the Municipality Taxes (known as property taxes). This information will assure the future owner of the property that the property does not have any overdue taxes with the Municipality. Part of
There are certain responsibilities that must be fulfilled in order to have a healthy working relationship between every employer and his employees, this is usually the rule all around the world and Costa Rica is no exception. The Labor Code broadly regulates the relationship between
Starting a business is different in every part of the world due to the particular challenges you may come across, in addition each country has a business culture that is important to understand and Costa Rica is no exception. One of the most important things we
We will briefly explain the obligations and responsibilities that companies must fulfill here in Costa Rica in order to be in compliance. It is very important to comply with the established deadlines so that the corporation can remain in good standing and up to date. Obligations
If you have a corporation in Costa Rica, you might have heard about the Education and Culture Tax. This is a tax that legal entities must pay, based on the amount of capital reported on their income tax return, and is collected by Hacienda from February
Originally, assets belonging to inactive companies were to be declared by March 2021 using form D-135, also known as "Asset Declaration for Inactive Legal Persons," but the required form changed and now it is form D-101 that should be used to present the declaration of
Capital Gain is a benefit that results from a disposal of a capital asset—such as stocks, bonds or real estate—when the amount obtained in the sale exceeds the previous purchase price of the real estate, share or bond. Example: on December 1, shares are acquired
In recent months, the Costa Rican Tax Administration (Ministerio de Hacienda) has implemented various mechanisms in order to detect and control the legitimization of capital and to root out illicit enrichment through commercial companies in Costa Rica. It is necessary to establish a difference between each
A corporation is an agreement or contract made by nationals or foreigners through which they mutually commit themselves to contribute capital (money, goods, etc.) in general to create a business. While it is true, it is not the only reason why people create a corporation, we must