Costa Rica: New Proposal for Corporation Tax on Companies

The new bill states that the tax payable by commercial companies will range between 15% and 60% of a monthly base salary, depending on their income.

Wednesday, March 2, 2016

This bill which is currently being discussed in the Committee on Financial Affairs of the Assembly is another attempt by the executive branch, after the first proposal of the administration Solis was declared unconstitutional.

From the bill 19,818, Tax on legal entities:

Of the "... from ARTICLE 3. Tariff

An annual fee to be paid as follows:

a) Commercial companies, as well as a branches of a foreign company or their representatives and individual limited liability companies, which are registered in the National Register but are non-filers and not taxpayers in the Directorate General of Taxation, will pay an amount equal to fifteen percent (15%) of a monthly base salary, according to Article 2 of Law No. 7337, Creation of Concept for a Base salary for Special Crimes of the Criminal Code of May 5, 1993.

b) Taxpayers who have declared gross income in the fiscal period immediately preceding equivalent to two hundred and fifty base salaries or more, will pay an amount equal to sixty percent (60%) of a monthly base salary, according to Article 2 of the Law No. 7337, Creation of Concept for a Base salary for Special Crimes of the Criminal Code of May 5, 1993.

Read full text here (in spanish).



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Costa Rica: Return of Corporation Tax

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With the new bill the aim is to redeploy the payment of corporation tax, which was declared unconstitutional and suspended in January.

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Tax On Registered Companies in Costa Rica

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A new annual tax applied to existing and new legally registered companies will become effective on April 1st.

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Costa Rica: Approval of Business Tax Moves Forward

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An annual tax of $312 will be created for companies, branches or representatives of foreign corporations, limited liability companies who are in active business.

The tax targets active corporations which undertake some type of commercial business. For inactive companies (not engaged in lucrative activities), the tax is $156.44.

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