One of the most common misconceptions when buying a property in Costa Rica is believing that once the property has been purchased, the only thing to worry about is paying for utilities on the house and any corresponding taxes on the property. However, like many
What is the status of law 9996 creating incentives for investors? The delay with the implementation of law has generated anxiety in the expat community. In July of 2021, the CR Congress approved a law which created tax incentives for foreigners. Mainly, the incentives meant the
The "Solidarity Tax" (also known as "Tax on luxury houses") was formally established in Costa Rica, through law no. 8683 on November 19th, 2008. Such tax falls back onto the value of the properties that are destined for housing purposes, whether the properties are regularly
"Another big step for electric mobility in the country," says the Costa Rican Association of Electric Mobility (Asomove)
In September 2021, the Costa Rican Social Security Fund (CAJA) approved new mandatory social security contributions for some registered immigrants
The tax incentives included in the current law expire in 2023, and the government is yet to call a bill to extend them
Because of a new law, the tax administration applies benefits to companies that prove that at least 10% of their personnel is aged 45 or over
The Costa Rican government adjusted the tax rates and brackets for 2022 both for wages and for legal entities' income
The purpose of the tax residence certificate is to prove the status as a tax resident in the country of a person or entity in a certain fiscal year
We explain how the income tax in Panama works for foreign residents, and why this is considered one of the biggest tax draws in the country.