As of September1st, 2017 all corporations, subsidiaries, and limited liability companies that are currently registered before the National Registry, as well as all entities incorporated in the future, will be subject to pay an annual tax.Law # 9428: “Tax over legal entities”
There will be a fixed fee for inactive corporations and a progressive rate for active corporations depending on their income. The amounts go from US$ 120 -for inactive corporations- up to US$ 380 for active corporations.
If the tax is not duly paid, the National Registry will not issue, certify or register any documents for the companies, furthermore, the companies will not be able to contract with the Government or any public institution.
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