Dear Friends and Customers,
Hereby we want to remind you of the annual obligations that legal entities must comply with, starting on January 2022, to keep up to date their companies according to Costa Rica´s regulation:
- Tax on Legal Entities
It must be paid during the month of January and must be paid by all companies and other legal entities duly incorporated in the country, whether active or inactive. The amount payable depends on whether the company is active or inactive; If they are inactive, the tax ranges between $115 dollars and if they are active, the amount falls on the sales made in the previous year, that is, 2021, the amount to pay ranges between USD $120 and $400.
Late payment carries a penalty of interest and registration immobilization, that is, the company will not be able to register acts before the National Registry.
- Stamp of Education and Culture
It must be paid during the month of February, the amount to be paid is calculated based on the stock capital of the company; the amount to be paid is approximately USD $20 per year.
Late payment earns interest.
- Filing of income statement, form D-101 for inactive companies
It is a new obligation for inactive companies (those that do not carry out economic activities), which, as of the year 2022, to present an income declaration form D-101 before the Tax Authority at the latest on March 15. Information on incomes, liabilities, and capital should be included.
Failure to comply with the declaration generates an administrative sanction.
- Shareholder´s Registry
This obligation must be fulfilled in the month of April. Through this obligation, companies must indicate, up to the level of natural person, who are the final beneficiaries of these entities. The process is carried out only with a digital signature on an online platform of the Central Bank of Costa Rica. It is a confidential record and is for government use only.Failure to comply with this obligation implies registration immobilization and fines of 2% on the income of the companies. Likewise, we remind you of the tax on real estate, which must be paid in favor of the Municipality or Local Government, where the property is located, this tax can be paid quarterly or annually, until March 31 of each year. Finally, CONEXA PARTNERS, offers related services to companies: Resident Agent, custody of legal books and corporate documents, registered office and legal representation, for an annual fee. We are at your disposal to help you with any of these requirements and procedures, in order to keep your companies up to date with their annual obligations. Any questions, please contact us or contact your lawyer at CONEXA PARTNERS.