Monday deadline approaches for luxury home tax

January 13, 2012

Monday’s deadline for homeowners to pay Costa Rica’s luxury home tax, or impuesto solidario, is quickly approaching. Homeowners who fail to pay the tax by Jan. 16 will be assessed a fine and could have their names published in a government list of debtors.

Created in 2008, the luxury home tax helps fund low-income housing projects carried out by the National Housing Mortgage Bank. The tax is separate from property taxes that all Costa Rican residents pay, and is assessed on homes valued at $218,000 and higher (see chart below).

“Those who fail to pay (the luxury home tax) in time will have to pay interest calculated from the due date to the day of the payment at a rate of 13.3 percent,” tax official Jenny Delgado said. “Taxpayers who failed to pay in previous years now will have to declare those unpaid years, and pay a fine of ₡180,300 [$357] plus interest. However, [taxpayers] who can prove they have difficulty paying can negotiate a [payment] agreement.”

The Tax Administration provides information about the tax in Spanish at their website (www.dgt.hacienda.go.cr), including how to calculate the value of a home (under the “Valoraciones” tab) and how to pay the tax at a bank or online.

Every year, the Finance Ministry publishes a list of luxury-home tax delinquents on its website. According to the weekly El Financiero, last November the ministry published a list of 106 taxpayers who were delinquent in 2011.

The tax office has a list of 5,000 names and ID numbers of homeowners who are required to pay the tax this year.

Value of home                                                 Tax (percent of property value)

₡111-277 million ($219,900-548,840)                    0.25

₡277-555 million ($548,840-1.1 million)                 0.30

₡555-832 million ($1.1-1.65 million)                      0.35

₡832 million-1.1 billion ($1.65-2.2 million)             0.40

₡1.1-1.38 billion ($2.2-2.8 million)                        0.45

₡1.38-1.66 billion  ($2.8-3.3 million)                     0.50

More than ₡1.66 billion ($ 3.3 million)                  0.55

To see the list of delinquent taxpayers: http://dgt.hacienda.go.cr/contribuyentes/Documents/Lista%20de%20contribuyentes%20morosos%20del%20impuesto%20solidario%20periodos%202009%20y%202010%20al%2001%20de%20nov%202011.pdf

To see list of homeowners who must pay tax this year: http://dgt.hacienda.go.cr/Impuestosolidario/Documents/Consulta%20del%20impuesto%20solidario%20a%20pagar%20para%20periodo%202012.pdf

Facebook Comments

You may be interested

A pilgrimage for a saint: El Salvador mourns
Central America
285 views
Central America
285 views

A pilgrimage for a saint: El Salvador mourns

AFP - March 25, 2019

Hundreds of Salvadorans paid tribute this weekend to their first saint, San Salvador Archbishop Oscar Arnulfo Romero, murdered 39 years…

News
227 views

The Tico Times Weekly Digest: March 25, 2019

Alexander Villegas - March 25, 2019

An indigenous land rights leader was murdered in his home, four cases of measles detected in Costa Rica and La…

Costa Rica Treatment Center tackles addiction differently
Costa Rica
452 views
Costa Rica
452 views

Costa Rica Treatment Center tackles addiction differently

The Tico Times - March 25, 2019

Costa Rica Treatment Center tackles addiction differently. While most drug and alcohol rehab centers shelter their clients from external stimuli,…