Tag: accounting
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D-101 Form Compliance for Dormant Corporations Has Been Reprogrammed to 2023
November 09th, 2022 The tax administration of Costa Rica has informed today that the owners of dormant corporations that have not complied with the filing of the D-101 form for dormant corporations will now have a time extention to comply until April 30th, 2023. The extension of time to comply with this requirement has been given…
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Costa Rican Home Owners Listed in Aibnb Will Have To Register As Tax Payers
The Tax Administration of Costa Rica has announced in October that Airbnb has been added to the list of service providers overseas that will be automatically charged 13% VAT tax on every booking processed, this means that guests will now be charted the Tax even if the host of the listing hasn’t included it in…
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Why The Dollar Vrs Costa Rican Colon Has Decreased Considerably In Last Weeks
Source Central Bank of Costa Rica The reduction from the last weeks in the exchange between the Dollar and the Costa Rican Colon has brought the price very close to the same price of 2021 as of the current date, this is something that will affect the operation of the individuals and companies that make…
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Tax On Luxury Homes in Costa Rica
Many of our clients regularly request us information about how what are the brackets that make property owners to be subject to luxury tax for their homes in Costa Rica and what are the rates for it, how should it be declared and how often and other important questions about this tax. For all those…
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New Deadline Extension (D-101 Form for Inactive Corporations)
Last week, the tax administration informed that they have extended the deadline to comply with the filing of the D-101 form for inactive corporations, now the corporation owners that haven’t complied with this mandatory requirement have until November 15th, 2022 to file this mandatory form. The D-101 Form for inactive corporations, also known as the…
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Costa Rica Taxes 101
Everything you need to know about taxes in Costa Rica, a summary with the most common facts that any foreign wonder when thinking on doing business here.
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Update on Cyber Attacks to CR Government
The Tax Office finally figured it out, they have enabled the online portal for filing taxes and they will be in the way to have all their services back online
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Tax Administration of Costa Rica Hacked by Russian Group
The Tax Office along some other institutions of Costa Rica has been victim of a cyber attack, more information on this post and coming ones
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Deadline for the new tax form for inactive corporation has been extended for 3 months
The Costa Rican tax administration has extended the deadline date for the D-101 form
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Tax Brackets By Entity For Fiscal Year 2022
The tax administration has published the new tax brackets for the year 2022, the different tax rates will depend on if your business activity is registered under an individual, a corporation or a salary. The following are the rates for the current fiscal year: In ConsultantsCR we’re accounting, financial, legal and real estate advisors, feel…
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New tax form for inactive corporations due march 15th, 2022
The original deadline for this requirement was on march 15th 2021, the Tax Admin. has defined March 15th, 2022 as the final deadline for this requirement, with this change corporations that were created before 2022 will need filling this requirement for two fiscal períods (2021-2022) According to the tax Administration, March 15th, 2022 will be…
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Check Out This Article About #CostaRica
The following post was published by “La Nacion”, a Costa Rican famous paperwork, it shows the progress made by CR in attracting and providing value for foreign investor firms and individuals, you can read the full article in the link below: https://www.nacion.com/economia/indicadores/costa-rica-obtiene-el-primer-lugar-en-el-mundo-por/FW7BDUX7Q5G63AIHEXTL23GXAY/story/?outputType=amp-type
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Is Costa Rica A Fiscal Paradise?
in this post we discover some of the hidden attractions of Costa Rica as a tax paradise, it might not be in the list of tax heavens but there are definitely some interesting facts about their policies
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Leasing or Renting? What’s Better for Tax Purposes?
What are the advantages of having a leasing or a renting a vehicle in Costa Rica, what are the best options for tax purposes. in ConsultantsCR we advise about those two forms of leasing an asset
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All About MEIC – What Are The Benefits Of Registering Your Company
MEIC is the ministry of economics and commerce in Costa Rica, we explain how you can get tax benefits from having your corporation registered
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What Are The Cabys Codes And Why You Should Implement Them On Your Billing
The implementation of Cabys codes was started by the Costa Rican Tax Administration in december 1st, 2020. Cabys means ¨catalog of goods and services¨, it is a general coded list of goods and services commercialized in the national Costa Rican market, just as the Share Holders Registry, the catalog has been created by the Central…
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Tax Administration Extend The Deadline For Filing The Shareholders Registry Paperwork Until April 30th
The Shareholders Registry is a requirement created by the Tax Administration and the Central Bank of Costa Rica, the process started in 2019 and was suspended in 2020 due to the COVID-19 pandemic, this year the requirement has been brought back, now with the deadline on April 30th, 2022, the tax payers that must fulfill…
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Shareholder Registry Due April 30th 2022
Any corporation in Costa Rica should file this requirement in order to avoid sanctions, the shareholder registry was implemented by the Central Bank of Costa Rica through the Tax Administration in 2019 and suspender Due Covid 19 in 2020 and this year is being required again to be complete by any corporation owner in the…
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Costa Rican Taxes 101
WHAT DO YOU NEED TO KNOW ABOUT YOUR TAXES IN COSTA RICA? The Costa Rican tax administrator in Costa Rica is ¨Ministerio de Hacienda¨, this institution is divided in three grand departments which are the DGT (General Tax Administration), DGH (Tax Administration), DGA (General Customs Administration). There are tax administration branches in certain strategic places…
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New tax form for inactive corporations
According to the tax Administration, March 15th, 2022 will be the deadline for the corporations with no economical activity for filing the now mandatory annual form declaring the assets, liabilities, and patrimony owned by the non active companies. If you own an empty corporation or just use it for holding your assets in CR you…
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