Costa Rica: Return of Corporation Tax

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

Thursday, April 23, 2015

The new initiative seeks to resurrect the creation of the tax, fees and penalties, redefining the criteria for their application. However, there are Members who do not support this measure, who assert that is mostly affects small and medium enterprises.

Fernando Rodriguez, Deputy Minister of Revenue at the Ministry of Finance, told that "... We hope to have broad support from MPs to restore the tax. During the discussion itself we intend to improve aspects of the project such as a proper definition of what is a dormant company. There are companies that fall into this category, but are used to register goods. "

Alan Saborio, CEO of Deloitte firm specializing in tax advice, added "... The judges did not give a justification of the constitutionality of the tax fundemenatally, but through the legislative process. In the passage through Congress, topics can be discussed that were not analyzed by the judges. The amount of tax for companies, whether active or inactive, is the same. "

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Starting on Monday all companies enrolled in the National Registry of Costa Rica, must pay an annual tribute established by Law 9024.

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