Deadline to file the D-140 form has been extended

The Costa Rica Tax Department ( Tributación Directa) has extended the filing deadline for the D 140 form. What is the D 140 ? The D 140 is the tax registration or modification form used by the tax department to collect information about the taxpayer.  The D 140 needs to be filed to re
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Costa Rica Corporation D-140 Registration Requirement

The D-140 Filing Requirement The new corporation tax law imposes a D-140 registration requirement on corporations.  The corporation tax is currently in effect in Costa Rica and is managed by the Costa Rican Department of Revenue (Tributación Directa).   The tax department is administr
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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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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
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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
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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
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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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Costa Rica Adheres to OECD Tax Exchange Treaty

Costa Rica Adopts OECD proposals to exchange financial information for tax matters. Costa Rica has been under pressure from the Organization for Economic Co-operation and Development (OECD) to share financial information on tax related matters. As a result in Costa Rica became the fir
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Costa Rica Indirect Transfer Tax

Costa Rica Taxes Indirect Property Transfers

Costa Rica taxes indirect property transfers.  The Costa Rican Legislature passed the law titled Ley de Fortalecimiento de la Gestión Tributaria, Ley No. 9069. This law modifies the existing law on real estate transfer taxes (Ley de Impuesto Sobre el Traspaso de Bienes Inmuebles Ley N
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Costa Rica Tax Obligations

Costa Rica Education and Culture Stamp for Corporations

The Education and Culture Stamp for Costa Rican corporations – what is this ? That is the most common reaction I get when I ask people if they know what the education and culture stamp is. This tax has been in effect since 1976 created by Law number 5932. Many people have ignore
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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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