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 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.
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.
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.
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.
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