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.
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).
Shareholder’s Registry Costa Rica has been working for many years to meet the requirements to join the Organization for Economic Cooperation and Development or OECD. Some of those requirements include having a balanced budget which in part means having a better tax collection system. On December 20th, 2016 the Costa
The longer you’ve been an expat in Costa Rica, or the longer you have been researching about Costa Rica while seriously considering moving there, the quicker you will notice that there seem to be endless and confusing amounts of information on how to legally go about your business in the
As we previously reported, the Registry of Transparency & Final Beneficiaries registry requirement for corporations is a mandatory requirement that will come into effect in September of 2019. We have compiled a basic guide of what will be required to complete the update, you can review the checklist below. Please
Obligation to comply updating the shareholder’s registry for corporations start next September 2019. Here is what you need to know: Overview: The Shareholder’s registry requirement for corporations is a mandatory requirement that will come into effect in September of 2019 as per resolution N° DGT-ICD-R-14-2019 from the General Director of Taxation
La Gaceta issue from April 3rd, published a notice stating the new deadlines for filing the registration for shareholders. As you may know, it is required to file with the Central Bank of Costa Rica (BCCR) a list of the shareholders owning more than 15% of the shares of any
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,
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
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