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 …
This coming Monday, July 25th, is the celebration of the annexation of Nicoya to Costa Rica, and it is a holiday of mandatory payment, according to the Labor Code. The following are the general rules for the payment of this type of holiday: The employee has the right to rest on a holiday, so he/she …
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, …
Increase on the base of the minimum wages of the private sector Read More »
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 …
Virtual Tax Administration (ATV) platform was restored Read More »
Every year, companies must pay the Corporate Tax as a requirement for the correct exercise of their activities, this payment must be made to the General Directorate of Taxation of the Ministry of Finance. When companies fail to comply with the payment of this tax for three consecutive periods, they are dissolved ex officio. Companies …
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 …
RIGHT TO DISCONNECT: AMENDMENT TO THE LAW TO REGULATE TELEWORK Read More »
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 …
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 …
Starting April 1st 2022, all legal entities and other legal structures domiciled in Costa Rica are obliged to file the declaration of the Registry of Transparency and Final Beneficiaries (hereinafter “RTBF”), before the Tax Administration of Costa Rica. This obligation must be fulfilled no later than April 30, 2022 This declaration is a formal report …
Registry of Transparency and Final Beneficiaries (RTBF) Read More »
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 …
