When we talk about compliance with the obligations of your company, it means being in good standing with the established guidelines provided by the government. The business compliance requirements are acquired when you create a company, where you also obtain responsibilities. That's why we summarize the
So you've pulled up stakes, and you have packed your wagon and are headed to the tropics, as in Costa Rica? You've had every family member question your judgement and promise to visit. You are ready to buy your dream home in Paradise. With the help of a
It’s often been said that moving is one of the more stressful events in a person’s life. There are so many details to keep track of, deposits to be paid at new apartments (or loans to obtain if buying a house), and people to coordinate;
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
[vc_row][vc_column][vc_column_text] If you’ve driven down 34 through Dominical over the past year, you may have noticed something. It seems this sleepy town has woken up. Many large new homes have cropped up, while others are in the process of being built, all vying for their view
An important part of buying real estate is checking the status of outstanding debts on properties or businesses. Let’s start with the property. When checking a property title, you will find certain annotations that could raise a flag when it comes to debs, specifically when the property
As you may know, on July 5th, Costa Rica's President Alvarado signed the law to attract foreign investors, rentistas and retired people to the country. Currently, everyone is wondering how this is going to be implemented and what should be done to take advantage of the
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
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 ¢
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