Annual $200 Corporation Tax in Costa Rica

The 2006 bill would create an annual tax of $200 payable by all incorporated companies.

Thursday, August 5, 2010

The government hopes the new law would provide an additional $110 million in revenue to be spent on improving citizen security.

The tax applies to all corporate entities, of which there are currently 550,000 registered.

"The bill was first presented in August 2006 by the then Treasury Secretary, Guillermo Zúñiga, but it failed to become law due to a lack of support in congress," writes Nacion.com.

More on this topic

Costa Rica: Return of Corporation Tax

January 2017

The law passed in first debate establishes an annual tax of between $119 and $394, depending on whether the company is active or not and the amount of income generated.

The bill was approved this morning in the first debate, and resources that are collected will be used, only this once, for hiring police officers.

Costa Rica: Corporation Tax No Longer in Effect

January 2015

A ruling by the Constitutional Court has declared the tax on corporations illegal, starting from 2016, but companies must pay for the fiscal year 2015, which ends of on January 31.

From a statement issued by the Constitutional Chamber of Costa Rica:

By Vote No. 2015-1241, the Constitutional Chamber, by a majority declared as unconstitutional fundamental articles of the Law on Taxes on Corporations No.

Costa Rica: Return of Corporation Tax

March 2017

Approval has been given to the law which levies an annual tax on legal persons of between $119 and $394, depending on whether or not the company is active and the income generated.

Companies must re-pay the tax in July, as the government has announced plans to publish the law this month. Once published, the law would enter into force three months later. 

Costa Rica Reactivates Corporate Tax

December 2015

The Executive Branch has submitted a new draft tax law for legal entities which corrects the articles that had led to the law being declared unconstitutional in January 2015.

From a statement issued by the President of Costa Rica:

¢45 billion is the amount of fiscal deficit which will be generated next year, if the tax on legal persons is not collected, to avoid this, the Government has submitted to the legislative process a bill on a Tax on Legal Persons, legislative record number 19,818.

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