Most expats now should know everyone with a Costa Rican company of any type will be required to file an income tax return this year. What many do not know is that they will have to submit two within three months of each other.
According to attorney Marco Retana, there is a fine of around $375 (depending on the exchange rate) for not filing. More importantly, non-filers will not be able to get any legal documents at the national registry for their company if they are not in compliance with the law. [Read more…]