Preventing and Solving Problems for Expats in Costa Rica
Exclusive to A.M. Costa Rica
Believe it or not the Costa Rican government has changed the rules, again!
Expats and anyone else holding property or other assets in an inactive company should pay attention, everything they have heard or read up to now has changed. [Read more…]
Exclusive to A.M. Costa Rica
This is an early wake-up call for all Ticos, expats, and anyone else with an inactive Costa Rican company. The equity tax form D-135 is due March 15. “Equity,” is a fancy name for “net capital” or “net assets.”
Most people who have heard about the D-135 think it is no big deal, and an easy file. It is not. Everyone filing the form will need to put some thought into what goes into the information presented. The tax department is using it to catch tax cheaters.
Here is some background: [Read more…]
There have been several positive legal and tax changes in the past month that are important to expats and Ticos alike. Three warrant special mention: The new rules for online board meetings, the changes to the fines for not filing the RTBF for 2019, and the introduction of TRAVI by Hacienda (the tax department). The acronym stands for tramites virtuales or virtual procedures. [Read more…]
Exclusive to A.M. Costa Rica
September is almost upon everyone. It is the month the 2020 RTBF is due, again. The same bank-breaking fines are still a reality, so it would be a good idea to take heed and get ready to file the report.
For those who have a selective memory and try to bury tax mandates in the back of their mind, this is the same report that people with a legal entity in Costa Rica had to file back in March.
Here is some background to stimulate the memory neurons. [Read more…]
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. [Read more…]