Tax Law

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 …

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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 …

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

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 »

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 …

Extension for the Filing of the Income Tax Returns of Inactive Companies Read More »

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 …

Declaration of the Value Added Tax Read More »

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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The tax on Legal Entities is the obligation to pay for all commercial enterprises, as well as for individual limited liability companies (LLC) registered in the National Registry. The levying of this obligation starts as of January 1st until January 31st of the current year. In the case of newly incorporated entities, the obligation of …

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This is a reminder that the payment of the Solidary Tax for the Strengthening of Housing Programs (known as the “Tax on Luxury Homes”), levied on the value of real estate properties, is due on the 15th of January. The payers of this tax are the owners or holders of rights over housing units used …

Solidary Tax for the Strengthening of Housing Programs (ISO) Read More »

The Tax Administration of Costa Rica and the Costa Rican Drug Institute, by resolution No. DGT-ICD-R-19-2020 of August 6th 2020, published in the National Gazette “Diario Oficial La Gaceta” No. 201 of August 13th 2020 and No. DGT-ICD-R-12-2021 of February 26th 2021, published in the National Gazette “Diario Oficial La Gaceta” No. 44 of March …

TRANSPARENCY AND FINAL BENEFICIARIES REGISTRY Read More »