TACTIC

Collaborative Alliance | Doing Business between Singapore & Latin America | Duane Morris & Selvam

Collaborative Alliance | Doing Business between Singapore & Latin America | Duane Morris & Selvam   COSTA RICA by TACTIC ESTUDIO LEGAL   1. What are the key regulatory requirements and procedures for establishing and operating a business in Costa Rica? The Costa Rican legal framework provides several options for the establishment of a business […]

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Luxury Housing Solidarity Tax in Costa Rica: Contributing to Decent Homes for All

In Costa Rica, owning a luxury home entails not only enjoying exclusive comforts but also the responsibility of contributing to the Solidarity Tax for the Strengthening of Housing Programs, commonly known as the Luxury Housing Tax. Established in 2009, this tax is part of a broader national commitment aimed at addressing extreme poverty and providing

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Increase on the base of the minimum wages of the private sector

On June 29th, 2022, the National Board of Salaries “Consejo Nacional de Salarios”, announced an increase on the base of the minimum wages of the private sector, of 1,24%, applicable retroactively as of July 1st, 2022. Based on this, you will have to pay an additional ₵124 colones for each ₵10,000 paid to the workforce,

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Virtual Tax Administration (ATV) platform was restored

Last Monday, June 13th, the Virtual Tax Administration (ATV) platform was restored by the Tax Ministry, in order for taxpayers to comply with their tax obligations such as filing returns, registrations, de-registrations or modifications, payments by connectivity, preparation of electronic vouchers, among others. Remember that the pending monthly returns that could not be filed during the period

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RIGHT TO DISCONNECT: AMENDMENT TO THE LAW TO REGULATE TELEWORK

The “Right to Disconnect” is already the Law in Costa Rica! After the end of the workday, teleworkers may refuse to answer emails, text messages, or phone calls or respond to any other means of communication related to the work environment. The aforementioned was established to guarantee the respect for the times of rest and

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One-month extension for the declaration of the Transparency and Final Beneficiaries Registry

On April 22 of this year, the Tax Administration of Costa Rica gave a one-month extension for the obligation to present the annual declaration of the Transparency and Final Beneficiaries Registry (hereinafter “RTBF”) for all legal entities, ending next May 31, 2022.  This declaration is a formal report of the shareholders or final beneficiaries of

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April Holidays

In April, there are 3 mandatory paid holidays according to article 148 of the Labor Code: April 11th: Juan Santamaría Day. April 14th and 15th: Thursday and Holy Friday. General rules for the enjoyment and payment of these holidays: By type of contract: If in your company the salary is paid by a fixed amount

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