Regulations to the Annual Corporation Tax

The regulations for the Costa Rican annual corporation tax have been published by the Ministry of the Treasury in the official Gazette (Alcance No. 114 Gaceta May 26, 2017). This means that the law will come into effect on August 26, 2017 which is 3 months after the publication of the
Read More

Costa Rica Gatekeeper Money Laundering Legislation

The Costa Rican legislature is voting on a new law that modifies Law # 7786 which is referred to as the “Drug, Money Laundering and Financing of Terrorism Law” (Ley sobre estupefacientes, sustancias psicotrópicas, drogas de uso no autorizado, actividades conexas legitimación de capita
Read More

Video about the new Corporation Tax Law

In this video I explain the details of the new corporation tax law. The Costa Rican legislature approved a new corporation tax law on March 21, 2017 which will become applicable by August of 2017.     I also review some of the transitory provisions of the law that you need to take adv
Read More

Property Tax Forms in Costa Rica

Property Tax Forms in Costa Rica The Property Tax Law (art. 23) establishes the tax rate at 0.0025% of the recorded value of the property. I will discuss how the value is established in the next section.  Most Municipal governments will collect the property tax on a trimester basis as
Read More

Law Protecting Minority Investors in Costa Rica

Law Protecting Minority Investors in Costa Rica Costa Rica approves a law protecting minority investors. Costa Rica has consistently ranked poorly in the World Bank Doing Business report for protecting minority investors (in the 160’s out of 190). In an effort to improve their ranking
Read More

Property Theft in Costa Rica

Property Theft in Costa Rica The idea that somebody would steal your property seems an inconceivable notion.  However, in Costa Rica it can and does happen. I will point out how it happens and what you can do to minimize your risk. The National Registry of Costa Rica In Costa Rica all
Read More

Will your Notary Public become the Police ?

Will your Notary Public become the Police ? The Costa Rica legislature is currently debating an amendment to their drug law (Ley sobre estupefacientes, sustancias psicotrópicas, dorgas de uso no autorizado, actividades conexas legitimación de capitales y financimiento al terrorismo La
Read More

Costa Rica Minimum Labor Wage Scale for 2017

Costa Rica Minimum Labor Wage Scale for 2017 In Costa Rica the Ministry of Labor (Ministerio de Trabajo) sets the minimum wage scale.  The wage scale is  applicable to all workers in Costa Rica.   The minimum wage scale is reviewed by the wage council of the Ministry of Labor twice a
Read More

Everything You Wanted to Know About Costa Rican Property Taxes

Everything You Wanted to Know About Costa Rica Property Taxes In Costa Rica property taxes are generally low compared to many other countries around the world.  How is the tax base valuation established to determine the property tax that is due ?   In Costa Rica the Property Tax Law k
Read More

Easements in Costa Rica

Easements in Costa Rica Easements in Costa Rica are generally regulated by the Civil Code of Costa Rica.  An easement is a right created in favor of one person or entity either by an express written agreement or by an implied agreement. What does an easement allow you to do ? It allow
Read More

Costa Rica Vehicle Inspection Requirement – RITEVE

Costa Rica Vehicle Inspection Requirement at RITEVE Every vehicle that circulates in Costa Rica is required to have a valid inspection sticker. The inspection is carried out by a private company referred to locally as RITEVE and which has inspections stations in various inspection poi
Read More

Costa Rica Online Gun Registry

Costa Rica online gun registry The Ministry of Public Security has implemented an online gun registry via the website http://controlpas.go.cr  The system will allow gun owners that qualify to do so to register their weapons via the online registry system.  However, to access the syste
Read More