Costa Rica Expertise

The company owners delinquency list is out!

April 6, 2020 by Garland M. Baker

Exclusive to A.M. Costa Rica

There are an estimated 80,000 corporate entities that did not file their owners’ report to the Central Bank.

The full document of those entities that missed the deadline for the 2019 owners report is located on the tax department’s website. It can be downloaded in PDF format for viewing offline or for printing. The report is mandated by Law 9416 and was due by March 31

There may be one last chance for those that are delinquent. Details follow below. [Continue reading]

Important 2020 Deadlines for Expats

March 2, 2020 by Garland M. Baker

Exclusive to A.M. Costa Rica There have been more new tax rules in the last four years than there have been in the past 10. Many expats are lost in the maze, and their heads are about to burst with all the information. Here is a concise list of … [Continue reading]

Inactive companies must now file a 2020 tax return

January 6, 2020 by Garland M. Baker

Exclusive to A.M. Costa Rica Costa Rica’s tax department finally made up its mind about what do with inactive companies. Starting this year, all inactive entities will be required to file a tax return, Form D-135, due March 15, 2021, and yearly … [Continue reading]

Transparency Law 9416 and IRS Form 5471

December 2, 2019 by Garland M. Baker

Exclusive to A.M. Costa Rica The panic continues for those with a company, association, trust or other legal entity in Costa Rica that is required to file a shareholders and beneficial owners report with the Central Bank, as mandated by Law … [Continue reading]

How to fill out transparency forms

November 4, 2019 by Garland M. Baker

Exclusive to A.M. Costa Rica Almost everyone with a company in Costa Rica is a bit frustrated and worried about filing their Registro de Transparencia y Beneficiarios Finales (register of transparency and final beneficiaries) report to comply with … [Continue reading]

New rules for vacation rental landlords

October 7, 2019 by Garland M. Baker

Exclusive to A.M. Costa Rica For those renting villas, chalets, apartments, rooms, and the like through nontraditional means like Airbnb, Vrbo, HomeAway, Facebook, Instagram, and other similar media sites, business is about to get much more … [Continue reading]

How to register for Law 9416

September 2, 2019 by Garland M. Baker

Exclusive to A.M. Costa Rica Yesterday started a new era in Costa Rica, a new time when all privacy using an anonymous corporation was no more. In the good old days, a company, called a sociedad anonima, an anonymous society in English, S.A. … [Continue reading]