American Expatriate Costa Rica

English-language news and information on Costa Rica

2 percent have paid corporate tax

by

Taxpayers line up the last payday of 2012. | FILE

According to the Banco de Costa Rica, 2 percent of corporations have paid the annual tax of ¢199,700 for active corporations and ¢99.850 for inactive corporations. The tax, which is due by the last day of the month must be paid or corporations risk being dissolved after three years. Unpaid corporate taxes can eventually become the personal obligation of their legal representatives, when the corporation has no attachable assets.

Also due by Janurary 13th is the housing solidarity tax on homes with a value higher than ¢121 million. Home owners who fail to pay are exposed to a fine of ¢199,700.

Original Article in La Nacion

Related articles:

  1. 78 percent of companies owe tax for 2014
  2. Corporate Ownership of Home Triggers FATCA Requirement
  3. Upcoming December 25 and January 1 are paid holidays
  4. 55 percent of companies owe corporate taxes
  5. Fifth part of the car ownership taxes have already been paid
  6. More than 330,000 vehicle owners have not paid marchamo