Your One-Stop for Accounting, Taxes and Business in Costa Rica
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Back in the 40’s, the Government of Costa Rica created a list of mandatory benefits and obligations for both, Employers and Employees, and among that list we can find the Aguinaldo (Christmas Bonus). What is the Aguinaldo? The Aguinaldo is an extra salary, also known as the 13th month, which has to be paid to all the regular employees, regardless of the
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I clearly remember that one of those experts on everything, argued that I was wrong when I stated in a previous article Rental Properties and Sales Taxes In Costa Rica – When this tax should be collected? about how Rental Properties must collect the 13% sales tax (Impuesto de Venta)… This was because he attended a
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One of the most efficient tools that Costa Rican Tax Authorities have are the so called Informative Tax Returns, these tax returns numbered from D-150 to D-161 are used by the Tax Administration to cross reference information in terms of who has paid how much to whom and under what category. Who should file these
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Several investors who decided to buy a property in beautiful Costa Rica have also decided to, somehow, accelerate the return of their investment by renting out the property, but this decision comes with a tax liability aside for both income tax and sales tax. Any individual or company who generates revenue out of a property
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Most of the readers may recall that back in January 2012, the DIMEX card became very famous since the Costa Rican Central Bank said it was going to be mandatory for banking purposes, well, after a good sleep the DIMEX is back on the charts. DIMEX Mandatory for SINPE Let’s start by explaining that SINPE