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
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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
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Costa Rica Corporations Must Disclose Their Shareholders

Creation of a Shareholder Registry is Approved The Costa Rican Legislature approved the “Law to improve the fight against tax fraud”  (Ley para mejorar la lucha contra el fraude fiscal).   The essence of the law is that Costa Rica corporations must disclose their sharehold
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Costa Rica Corporations Are Being Liquidated For Non Payment of Corporation Tax

The National Registry of Costa Rica which oversees and manages the Corporation recording section has initiated the process to liquidate any corporation that owes more than 3 past due payments of the corporation tax (Impuesto de Personas Juridicas).   Pursuant to Article 6 of Law 9024
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The Costa Rica Corporation Tax Is Coming Back

The Costa Rica Corporation Tax is Coming Back The Costa Rican legislature recently fast tracked the voting for the corporation tax bill.   The current legislative bill 19.818 would become law as soon at the legislature approves it.   The new law would reinstate the corporation tax whi
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Registering a Branch of a Foreign Company in Costa Rica

Registering a branch of a foreign company in Costa Rica is possible. If you have a company registered in any jurisdiction around the world it is possible to register a branch of that foreign company in Costa Rica.  By registering a branch of the foreign corporation you are able to obt
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Costa Rica Corporation

Costa Rica Corporation Minute Books

The corporation minute book is required in Costa Rica.  If you have a Costa Rican corporation (S.A.) or a Costa Rican Limited Liability Company (S.R.L.) both will have minute books. The Costa Rican Limited Liability Company (Sociedad de Responsabilidad Limitada) is required to have th
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New Corporation Tax Law Proposed for 2016

The president of Costa Rica Luis Guillermo Solís introduced bill  No. 19818 to the congressional agenda on December 2nd to approve a new version of the Corporation Tax.  The bill would completely repeal Law 9024 which was declared to be partially unconstitutional, and which resulted i
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Corporate Tax for 2012-2015 Must Be Paid To Access the Recording Office

The Costa Rican National Registry has just issued a directive mandating the payment of any outstanding corporation taxes for the period 2012-2015 before it will record documents for corporations that are not up to date in the tax payment.  Costa Rica had imposed an annual corporation
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The Corporation Tax Rises From the Dead

The corporation tax lives once again !   Three years ago Costa Rica passed an annual corporation tax of $200 a year for inactive companies and $400 a year for active companies.  The legality of the tax had been challenged and the Constitutional Court struck certain prov
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Dissolution of the Corporation for Non-Payment of Annual Tax

Dissolution of the Corporation For Non-Payment of Annual Tax   If your Costa Rica corporation has accumulated 3 past due payments of the annual corporation tax you should understand what can happen.   The Corporation Tax Law provides that any corporation that has not paid th
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Deadline for Unilateral Resignation of Legal Representative of Corporation

Deadline for Unilateral Resignation From a Corporation is near.   The Corporation Tax law which was created in 2012 imposes an annual corporation tax on all Costa Rican corporations.  That CorporationTax Law holds the legal representative personally liable for the corporatio
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