Corporate and tax obligations 2024
In order to start 2024 in compliance with all corporate and tax obligations imposed by Costa Rican law, we remind you of the payments that your companies and properties shall comply with.
Tax on Legal Entities
The tax on legal entities is imposed on all active corporate income taxpayers and dormant Costa Rican companies. The tax is collected by the Ministry of Treasury (Tax Administration). The amount varies depending on whether the company is subject to corporate income tax or not and the amount of gross taxable revenues that generates. The deadline for said payment is January 31st. Interests in arrears and fines are triggered for late payments. The National Public Registry will refrain the issuance of certificates of good standing of the company in default of said tax, nor it will not register any document related to the company. It is important to remember that failing to pay this tax for three consecutive years shall cause the ex officio dissolution of the company.
Final Beneficiary Declaration
Every April, the Declaration of Final Beneficiaries before the Central Bank shall be filed. This statement provides specific details of all the shareholders of the company (stock capital), and their final beneficiaries. No payment is involved. However, there are considerably high fines for failure to file such declaration.
Informative Declaration of Dormant Companies
Should your company is currently recorded as dormant before the Tax Administration, because it does not engage in any type of economic activity, you shall file Informative Declaration D195 by March 31st. In this filing, you must report the company’s assets, liabilities and equity.
Real Estate Tax and Municipal Fees
| The Real Estate Tax is generated at the end of each quarter, but discounts apply should you pay the tax annually or semi-annually. This tax is collected by the municipality where your property is located.
Municipalities also collect quarterly fees for the services they provide, such as garbage and recycling pick-up, street cleaning, parks and others. These fees may be paid quarterly or annually. |
Tax on Luxury Residences (Solidarity Tax)
This tax is due no later than January 15th of each year. Residencial units valued over the exempt amount are taxed. Tax Administration has not yet announced the exempt value for 2024. The exempt value for 2023 was approximately US$282,000.
Stamp Tax
The stamp tax shall be paid by all companies and branch offices recorded in Costa Rica between February and March of each year. Tax Administration collects this tax.