Tax

1)- Payment of Tax on Corporations:

a)- The tax has to be paid by all mercantile entities (whether “Sociedad Anónima”, “Sociedad de Responsabilidad Limitada” or any other kind,) as well as by the agencies or representatives of foreign corporations registered in the country.

b)- In case of late payment, the typical penalties and late payment interests established in the national tax, regulations will apply.

c)- If a corporation is delinquent with the payment of the tax, the National Registry will deny the issuance of certificates of good standing, representation certificates and literal information certificates of the corporation, and no transactions related to the said corporation (such sale or purchase of properties or vehicles) will be processed or registered by the National Registry. Likewise, such corporation in arrears may not enter into contracts with the Costa Rican State or any governmental entity.

2)- Payment of the Property Tax:

Lack of payment of the property tax can eventually end up in a foreclosure by the local government.

If you don’t have a CR bank account, we can help you to take care of these payments for a very reasonable fee.

For more information and help with tax matters in Costa Rica, call our South Pacific Costa Rica law firm at (506) 2743-8122.