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Brackets on Wages tax, Income tax and Tax Credits were updated last December to become enforced in January 2021.The update is carried out through an adjustment of zero point twenty-eight percent (0.28%), currently being handled the following way:Tax on wages Income of up to ¢

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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

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Being classified as a minority partner within a mercantile society, also called a minority shareholder, means that one has less than 50% of the shares. Due to their number of shares minority shareholders cannot exert pressure on company decisions made by the majority shareholder.The implications

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A Sociedad or Business Association is a contract between a minimum of two individuals or legal entities in which the parties define the terms and conditions that will regulate a particular and independent business venture. A minimum of two individuals or legal entities are required

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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

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Companies have different types of books depending on what kind of company or corporation it is, and each kind of book is identified with a unique legalization number. In the Costa Rican market, the most important types of companies are:A. Corporations with issued shares whose books

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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

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A moratorium on sanctions has been established for a maximum non-extendable term of 3 months in the case of those failing to file the 2019 Registry for Final Shareholder Beneficiary as set out in the Joint Resolution of General Supplement for the Regulations on the Registry for Final Shareholder Beneficiary. 

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