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New corporation tax law, required on all CR corporations.

tax formThe new corporation tax law, 9428, imposes a D-140 registration requirement on any and all CR corporations.

The deadline for submitting the D-140 Form to the Tax Administration depends on the last number of your Corporate ID: (Pursuant to the Regulations to Law No. 9428)

– 1 y 2: before October 31st, 2017.
– 3 y 4: before November 30, 2017.
– 5 y 6: before December 31st, 2017. – 7 y 8: before January 31st, 2018.
– 9 y 0: before February 28, 2018.

Example:
3-101-222222 Must submit the Form before October 31st, 2017.

Form available in the following link: Click Here

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Projects in the Tropics

infrastructure

 

Years back the reality and needs of Costa Rica in general were very different, the need to approve and complete large projects wasn’t so urgent, but the popularity of this beautiful country has been, for quite a while, basically forcing the government to step up and address multiple infrastructure needs throughout the country. Our own bureaucracy, and politics, make that large projects seem to take forever to get approved, but eventually they do and were able to then envoy, for example, the new Liberia International Airport, the expansion of the Interamerican road, Liberia – San Jose, and more close to home the new road between 27 de Abril and Tamarindo.

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Guanacaste launches solar park that will provide electricity to 2,000 homes

solar park

Coopeguanacaste, R.L., an electricity distributor in the Guanacaste province, inaugurated this week the Juanilama Solar Park which has a capacity of five Megawatts (MW), which accredits it as the largest in the country using this source of clean generation.

The Solar Park is in Juanilama, Belen de Carrillo, Santa Cruz, in Guanacaste on five hectares of a property owned by the cooperative. According to the entity, the facility would provide a year nine gigawatt hours (GWh), which would directly benefit 2,100 households in the province.

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What’s next for the rental industry?

vacation-rental-property-tax-deductions

 

Hotel owners and landlords in Costa Rica are creating an effort to draft a legislation that would tax vacation rentals such as condominiums, apartments, and other housing/lodgings that currently fall into a legal gray area.

The plan, which is near to being introduced in the Legislative Assembly, would apply a hotel tax on rentals in Costa Rica booked through online platforms such as VRBO, Airbnb, FlipKey, Tripping.com, and HomeAway.

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2017 Tamarindo Artwave

BEACH-ART

 

Get ready because next month the Tamarindo Art Foundation, a non-profit NGO with big objectives and goals for the community, will be planning and hosting this year’s Tamarindo Art Wave. A festival that presents the works of various talented artists for viewing and in some cases personal participation and will be taken place on November 29-December3. The exciting theme chosen for this year is En-Light.

 

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What about the water?

water hookup

 

It is more than evident that the local real estate market in Tamarindo and surrounding areas have become steadily more dynamic year after year. We in the business keep on selling more of the usual existent seaside vacation residences: either condominiums or single-family homes. Nevertheless, perhaps within the last 12-24 months, the sales of lots has reactivated coming back after the real estate boom that ended in 2008.

Available lots have been selling and owners that had kept their properties dormant waiting for a better time to sell them, or simply who had invested originally to build homes that they won´t do anymore, are coming around now.

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Beach Hopping Holidays

beach sunset

July and August are considered the summer months in North-America and Europe, and are related to school vacations! How about spending part of those holidays beach hopping around the surf town of Tamarindo?

The beach of Tamarindo is known for its great waves, for beginners and expert surfers, so from early morning to sunset you will always find some surf buddies to hang out with! Take the opportunity of a surf class with one of the many surf instructors around. The non-surfing part of the family will not be bored: they can enjoy themselves kayaking to Capitan’s Island, boogie boarding, building sand castles, playing beach volleyball or taking a nature boat tour on the estuary nearby. And around 5:30 pm you can all join together for a cocktail watching the gorgeous sunset over Tamarindo Beach lounging with your feet in the white sand.
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Funds Arriving for Costa Rican Police

taxes

 

Starting September 1, 2017, the tax on corporations (Sociedades Anónimas) will be reinstated. This year the payment will be just for the months between September – December, then starting 2018 the payments will be yearly, and will apply to both active and inactive S.A.’s.

The funds obtained will be distributed as follows; Ministerio de Seguridad (Costa Rican Police) 90%, Ministerio Público 5%, and to the Organismo de Investigación Judicial (OIJ, Costa Rica’s version of the FBI) 5%.

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The Green is Back

Rainy season

 

This year the rainy season has begun with strength. It has only taken a couple of weeks of rain to bring back the mesmerizing green and lush vegetation Costa Rica is known for. The rain doesn’t mean that the sun won’t shine. A normal day in the wet season will be with sunny mornings and rain in the afternoon, so you’ll have plenty of time to enjoy the beach and catch all the rays your body can take. If you’ve never been here during the wet season I definitely recommend that you give it a try and delight in all of the multiple side’s life in the tropics can offer.

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Water From Nimboyores Will Arrive on the Coasts of Santa Cruz and Carrillo in April 2018.

Nimboyores water

 

A new coastal aqueduct from the Costa Rican Institute of Aqueducts and Sewers (in Spanish, AyA) will supply 14 rural water boards (in Spanish, ASADA) in Santa Cruz and Carrillo beginning in April 2018, with water from the Nimboyores aquifer.

Although some neighbors are still opposed to the measure, the AyA assures that this aquifer is the only one that has the capacity to supply all of the affected communities and that it will only use 188 liters per second. The well can produce up to 400 liters per second.

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“We think about taking our tourists to beautiful destinations to dream, have good plans, and Costa Rica has it all.”

air-journal-swiss-equipage-pnc-hotesse-steward

Este 9 de mayo la aerolínea suiza Edelweiss, miembro del grupo Lufthansa, inició operaciones en suelo costarricense, lo cual corona un proceso de negociaciones que se iniciaron hace cinco años, en el 2012.

La Nación conversó el jueves pasado con Felipe Bonifatti, gerente general de Lufthansa para Centroamérica y el Caribe, quien fue enfático en que nuestro país era el destino que le faltaba a la compañia, pues Edelweiss, “solo vuela a los destinos más bonitos del mundo”.

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