As a real property and/or CR corporation owner, you should be aware of taxes that need to be paid annually. Those who do not pay may be subject to fines and judicial collection procedures
HOME LUXURY TAX: (Due date: January 15th, 2019)
The Solidarity Tax for the Strengthening of Housing Programmes (Impuesto Solidario para el Fortalecimiento de Programas de Vivienda), known as “home luxury tax”only applies to houses, condos, or apartments over a certain construction value(129,000,000 colones in 2018, more or less US$ 230K, this amount is adjusted each year). The amount of tax to be paid goes on a scale from 0.25% to 0.55% per year, depending on the value of the Property.
Those liable for this tax shall fill out the form called “Formulario Único de Inscripción, Declaración y Pago Impuesto Solidario para el Fortalecimiento de Programas de Vivienda, Ley 8683” every 3 years, and, pay the tax annually.
The forms must be filed on or before January 15th, 2019. The Tax Office publishes the parameters to apply for the following year within lated December.
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