I am on the road and I see a Costa Rican police car with the flag of China on it, and I wonder: is Costa Rica really independent? Last weekend (September 15th) Costa Rica celebrated 197th years of independence from Spain while at the same time early this month La Nacion newspaper announced that population
The Tax Office (Dirección General de Tributación Directa) of the Costa Rican Revenue Service (Ministerio de Hacienda) requires that all inactive corporations registered in Costa Rica file a form called a D-140 to report their inactive status. An inactive corporation is one that is not currently conducting business or a corporation that previously registered with
Stew Cameron asked us to elaborate a little more into the details of dissolving a company in Costa Rica. So here it goes. The law allows us to create business structures (colloquially called corporations, and for the purpose of this article we will refer to them as companies) and it also tells us how and
As part of our desire to provide the best and most reliable service to our clients we put together the following information of upcoming requirements for Costa Rican corporations. We wanted to share with our readers, in hopes it could be of use. As always, if you have any questions or feel we could be
As many of you know, Congress passed approved the bill to bring the corporate tax back to live through Law No. 9,428. The tax will be enforceable starting on September 1st, and for this current year, the payment will be prorated for the remaining months of the year. Who should pay this tax? The tax
We have to engage with Real Estate agents in our regular course of business, and every time we meet a new real estate agent we discuss the nuances of real estate transactions and laws in Costa Rica. Sometimes they are receptive about our opinion, most of the time they are not. A couple of days
I recently had two identical situations with two different people. They have to pay the transfer costs for vehicles, and were telling me that I charge too much. That their calculations are lower. Here is the breakdown of how much it costs to transfer a vehicle worth $10,000 USD. Detailed Description of the fees
oo I am always baffled when dealing with real estate transactions, particularly because of the lack of knowledge of the parties involved in the transaction. I do not necessary hold the buyer or the seller responsible since they rely on professionals such as attorneys or real estate agents in order to do things right. The
Recently, the Revenue Service (Ministerio de Hacienda) modified the formula used to calculate the tax value of vehicles in Costa Rica, which resulted in a general increase of the tax value for most vehicles, which means that this year people will have to pay more taxes for their vehicles. Click here to see how much
