Costa Rica: Tax Amnesty for 90 Days

From September 1 to December 1, is the timeframe for companies to make use of an amnesty to regularize the payment of corporation tax.

Thursday, August 10, 2017

Corporations that are behind in payments of the tax from the periods of 2012 to 2015 can apply for the amnesty and pay only the principal of the debt.

The Registry Office of Legal Entities of the National Registry confirmed to that "... the benefit will be maintained for a period of three months, i.e. the deadline is December 1, as defined by the Tax Law on Legal Entities. "

"... Up to 2015 there were a total of 205,555 companies in default with this tax, but there are legal entities that have debts from earlier periods."

More on this topic

Corporations Tax

July 2012

The deadline for dissolution of corporations so as not to be taxed this year has passed; those who have not done so can start the process now in order to be exempt from future taxes.

Any legal entities that are dissolved from now on will have to pay the tax for the year when they begin the process of dissolution.

Tax for Legal Entities in Costa Rica

June 2012

Legal entities not reporting activity should de-register in June otherwise they will have to pay this tax.

If the owners of inactive companies do not de register, they will have to pay the tax, which is half of a basic monthly salary (currently $358.45 or ¢180,300) for active entities and 25% for inactive ones (¢ 90,150 would or $179.23).

The Problems of Corporations Tax

May 2012

Lack of clarity in the text of Costa Rica’s law imposing a tax on corporations, is creating ambiguities and difficulties in collection.

The National Registry is experiencing many difficulties in implementing the collection of tax on corporations, because it lacks allocated funds to proceed, and the registry of MSMEs at the Ministry of Economy, Industry and Commerce (MEIC) is not very helpful because of its own shortcomings.

Corporations Tax Collection Starts

March 2012

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

The basis for calculating the new tax is 50% of a basic monthly salary, which is 180,300 colones ($357) in 2012, and 90,150 colones ($178.5) or half, for inactive companies for each year from January to December.