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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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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Costa Rica Vacation Rentals Must Pay Sales Tax

If you own vacation rental property in Costa Rica you need to be aware that the Costa Rica Department of Revenue (Tributacion Directa) is expecting registration and payment of a sales tax on the rental income. Costa Rica has a sales tax of 13% which is applicable to selected goods and
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Costa Rica Income Tax Rates 2015

Costa Rica Income Tax Rates for 2015 In Costa Rica the fiscal year closes on September 30 and the Tax Returns will be due by December 15, 2015.   The following are the income tax rates which are applicable for the 2015 tax filing season. The law applies a sliding scale for the followi
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FATCA and Costa Rica

  The Foreign Tax Compliance Act known as FATCA is legislation passed by the United States which is intended to deter the evasion of US tax laws by persons that have foreign accounts.  FATCA implements a reporting and compliance system on foreign financial institutions so that th
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