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 a legal entity, whether they benefit in a direct or indirect manner.
For legal entities that have filed the declaration in previous years, the information previously filed will be preloaded in the system so that the person filing the declaration can update the data that has changed or simply confirm that the declaration has no changes and file it. It is important to keep in mind that the Special Powers of Attorney used to file this declaration in previous years, have all been disabled, for which reason, it is necessary to grant new powers of attorney.
In case of not complying with the obligation to file the RTBF declaration, a fine equivalent to 2% of the gross income of the company will be imposed. This charge will be a minimum of three base salaries (US$2,092.00) and a maximum of one hundred base salaries (US$69,683.00).
If you have any questions or require assistance with the Transparency and Final Beneficiaries Registry, please contact us at email@example.com and we will be glad to assist you.
TACTIC Estudio Legal