Date Set for Payment of Corporation Tax in Costa Rica

The new tax will be charged from April 2012 and will be $262 for active registered companies, and $132 for inactive ones.

Wednesday, January 11, 2012

The Ministries of Finance and Justice will receive the first payment of the new corporation tax this April, said Costa Rican officials.

The new tax is $262 (135,000 colones) for active registered companies, and $132 (68,000 colones) for inactive ones. In 2013, the tax will be higher: about $349 (180,000 colones) for active corporations, and about $174 (90,000 colones) for inactive ones, reported

With the income from this tax rise, approved last year by the Legislature, the government expects to raise about $68 million (35,000 million colones) to be directed towards strengthening the security budget.

More on this topic

Costa Rica: Approval of Business Tax Moves Forward

August 2011

An annual tax of $312 will be created for companies, branches or representatives of foreign corporations, limited liability companies who are in active business.

The tax targets active corporations which undertake some type of commercial business. For inactive companies (not engaged in lucrative activities), the tax is $156.44.

Annual $200 Corporation Tax in Costa Rica

August 2010

The 2006 bill would create an annual tax of $200 payable by all incorporated companies.

The government hopes the new law would provide an additional $110 million in revenue to be spent on improving citizen security.

The tax applies to all corporate entities, of which there are currently 550,000 registered.

Costa Rica: Corporate Tax Plan Stalled

August 2011

The libertarian movement has asked the Constitutional Court to review the proposed tax on legal persons.

This request will mean a delay, of at least 30 days, in the eventual adoption of the tax which the government intends to use to raise revenue to fund security programs.

Corporations Tax

July 2012

The deadline for dissolution of corporations so as not to be taxed this year has passed; those who have not done so can start the process now in order to be exempt from future taxes.

Any legal entities that are dissolved from now on will have to pay the tax for the year when they begin the process of dissolution.

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