Your One-Stop for Accounting, Taxes and Business in Costa Rica
Posted on by Randall Zamora Hidalgo | No Comments
It was until June 11th, 2019, yes!, 20 days before the reinforcement of the new Value Added Tax (VAT) in Costa Rica, that the Tax Administration officially published the Final Version of the Rule to The Law, that is what I call planning ahead!, so now we can go over the basics of how VAT
Posted on by Randall Zamora Hidalgo | No Comments
Remember that song “The day the music died”, well change “music” for “tax” and that would be January 28th, 2015. The Costa Rican Supreme Court finally said that the Corporations Yearly Tax should not be collected any longer, ever since the Judges considered that 3 articles are unconstitutional. Brief History of this Tax: The Corporations
Posted on by Randall Zamora Hidalgo | No Comments
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
Posted on by Randall Zamora Hidalgo | No Comments
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
Posted on by Randall Zamora Hidalgo | No Comments
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