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 makeContinue reading “Why The Dollar Vrs Costa Rican Colon Has Decreased Considerably In Last Weeks”

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 thoseContinue reading “Tax On Luxury Homes in Costa Rica”

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 theContinue reading “New Deadline Extension (D-101 Form for Inactive Corporations)”

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

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

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, feelContinue reading “Tax Brackets By Entity For Fiscal Year 2022”

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 beContinue reading “New tax form for inactive corporations due march 15th, 2022”

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

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

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

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

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 CentralContinue reading “What Are The Cabys Codes And Why You Should Implement Them On Your Billing”

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 fulfillContinue reading “Tax Administration Extend The Deadline For Filing The Shareholders Registry Paperwork Until April 30th”

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 theContinue reading “Shareholder Registry Due April 30th 2022”

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 placesContinue reading “Costa Rican Taxes 101”

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 youContinue reading “New tax form for inactive corporations”