VIDEO

Video: New Costa Rican corporation tax law explained

Costa Rica has a new annual corporation tax law, passed March 21. So if you have a corporation, how much do you owe? That depends on whether your corporation is active or inactive, and if active, on its gross income.

Here’s what you need to know about the new law and how it may affect you, as explained by Costa Rican attorney Roger Petersen.

 

 

Contact Roger Petersen at (506) 2288-2189 ext. 101 or at rpetersen@plawcr.com. Read his blog at www.CostaRicaLaw.com.

9 Comments »

    Reed Morgan Naples florida | March 30, 2017

  1. Please email your contact info. 0112392401420 my cell.

  2. Ivo Henfling | April 1, 2017

  3. Contact Roger Petersen at (506) 2288-2189 ext. 101 or at rpetersen@plawcr.com. Read his blog at http://www.CostaRicaLaw.com.

  4. Julie A Koebbe | April 2, 2017

  5. Hello Roger,

    By what date is the tax due for 2017. I thought that we usually paid by January 30th in the same year that the tax was due, in other words, prepay for the current year rather than post pay. Thank you for the great explanation.

  6. Leslie anderson | April 4, 2017

  7. Hi my properties in CR are in my corporation name or S.A. I buy and sell properties with that corp. I do not have any employees or other buisness under that. Do I still pay tax on it like I used to before?
    Thank you.
    Leslie Anderson

  8. Roger Petersen | April 7, 2017

  9. Hello and thank you for the comments posted. My answer follows:

    1. For 2017 this law should be in effect by August. Once the law is in effect the 2017 payment will be prorated. Oversight of this law will be directly with the Ministry of the Treasury (Hacienda) and not the Registro Nacional as it was with the previous law. As soon as we see more detailed information available from the Ministry of the Treasury will do a follow up.

    2. All corporation [S.A. or S.R.L.] are subject to the corporation tax regardless of their activity. The only difference is how much you have to pay depending if the corporation is active or inactive.

    Regards

    Roger

  10. Leslie anderson | April 11, 2017

  11. Thank you and will keep an eye on your updates and posts on the subject. Very much appreciated.
    Regards,
    Leslie

  12. Ivo Henfling | April 11, 2017

  13. here is the full information: https://www.american-european.net/costa-rica-real-estate-blog/costa-rica-taxes/the-new-costa-rica-annual-corporation-tax-2017-is-in-effect/

  14. Adam Goldman | April 20, 2017

  15. Could you specify is that 15-25+% is due every month, or is that one months base salary for the whole year? In other words, for an inactive corporation, is it about $120 a year or about $1400 a year? When does the transition period start and end also? Thanks for this informative video.

  16. Charles Lewis, | April 20, 2017

  17. Does an LLC constitute a corporation?

    Thanks, Charles

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