Germany’s legislative affairs are often perceived by Costa Ricans as being too distant. In this case, however, we could experience effects due to this new statutory act. In June 2021, Germany’s Federal Parliament approved the Due Diligence Supply Chains Act, which will enter into force on January 2023. This Act imposes a series of obligations […]
On March 11 of this year, an extension of 03 months was published in the Official Gazette “La Gaceta” for the filing of the Income Tax Returns of Inactive Companies, ending next June 11, 2022. As we indicated in our previous communication, this declaration is a summary of the increases in assets, liabilities, and capital
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Definition The Value Added Tax (VAT) is an indirect tax that falls on consumption, meaning that when a person (legal or natural) purchases an asset or service in Costa Rica, they are paying this tax at a general rate of 13% or in any of the reduced rates of 4%, 2% or 1%.[1] Procedure The
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The entry into force of executive decree number 43100-MINAE established a new legal obligation for owners of properties wishing to implement or have installed rainwater harvesting systems. The systems for rainwater harvesting are used to collect and store rainwater for its use in daily human activities, especially in dry seasons or when water resources are
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The new obligation of Inactive Companies In compliance with the reforms introduced in the Income Tax Law N° 7092 and according to the resolution of the Ministry of Finance number DGT-R-075-2019 and its reforms, inactive companies registered in the Single Tax Registry under the activity “Legal entity legally constituted”, must file the Simplified Income Tax
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