The new annual Corporation Tax Law (Ley de Impuesto a las Personas Jurídicas) # 9428 has been approved and published in the official Gazette. That means that you will have to pay Corporation Tax 2017.

The regulations to the law have also been posted on the website of the Costa Rica Department of Revenue in the Spanish language.

When is the tax due?

The corporation tax is due by January 30th of every year. For 2017 the amount will be prorated. It is expected that the Department of the Treasury will start collecting the tax between July and August 2017.

by: Steffano Ferraro, former attorney at BLP.

Prior to September 2012, it was common practice for developers of a real estate project to record the title of each of its subdivided units under different pre-established corporations.

Property Taxes

Ley 7509 Impuesto sobre bienes inmuebles

This tax applies to every titled property. Its collection is administered by the local municipality. It represents 0.25% per year of fiscal value recorded in the National Registry. Fiscal values are assigned following the procedures established in the legislation. They can be referenced to the highest sales prices reported, an appraisal performed by the Municipality’s engineer, the value of a mortgage (if applicable) over the property, or a declaration by the contributor.

by: Deloitte.com/cr

As published in the country’s Official Newspaper “La Gaceta” on the 27th of December 2011, a new law has been approved, which will come in to force on the 1st of April 2012, to levy an annual duty on all Public Limited “Sociedades Anonimas” (S.A.) and Limited Companies “Sociedades Limitadas” (S.R.L.). In short, the law implicates a levy or tax on all companies set up in Costa Rica and registered to date in the Companies Registry Office as well as all future new companies.