Costa Rica: New Tax Will Not Apply to MSEs

The government has reiterated that the new tax on corporate bodies, approved in first debate in Congress, does not apply to Micro and Small Enterprises.

Monday, August 29, 2011

The new statements come in the face of recent criticism of the bill, by some opposition representatives.

The proposal, which intends to charge a tax of $300 for corporate bodies registered as active and a $150 for those who are non active, and was approved in first reading in the Legislative Assembly and is currently being debated in the Constitutional Court.

An article on the website of La Prensa Libre reported that, "the representative of the Presidency, Carlos Ricardo Benavides, said a few days ago that ‘the proposed tax, which was voted on in the first reading by deputies, states that micro and small companies will not pay taxes’ and ‘it is enough to demonstrate that you are adequately registered with the Ministry of Economy as micro or small business in order to be excluded (from payment)'. "

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: Corporate Tax Endorsed

September 2011

The Constitutional Court has endorsed a tax on corporations, which had been sent for review by opposition legislators.

Now the bill must go to a second debate, in order to be formally approved.

The annual tax of $300 applies to active corporations, inactive companies must pay half the amount. In turn, micro and small businesses are exempt from tax.

Costa Rica: Corporate Tax Plan Stalled

August 2011

The libertarian movement has asked the Constitutional Court to review the proposed tax on legal persons.

This request will mean a delay, of at least 30 days, in the eventual adoption of the tax which the government intends to use to raise revenue to fund security programs.

Costa Rica: Approval of Business Tax Moves Forward

August 2011

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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