Brackets on Wages tax, Income tax and Tax Credits were updated last December to become enforced in January 2021. The update is carried out through an adjustment […]
Moving To Costa Rica Back up
What to Know before Buying a Property that Hasn’t Been Built Yet
Buying a property is part of the life plan for many people; a plan that incorporates the hopes, life-long dreams, and wishes of many families, along with […]
How to Run a Corporation Successfully?
A corporation is the legal person whose purpose it is to carry out commercial acts subject to commercial law. A commercial company has a nominative nature where […]
Yearly Declaration of Assets for Corporations
Originally, assets belonging to inactive companies were to be declared by March 2021 using form D-135, also known as “Asset Declaration for Inactive Legal Persons,” but the […]
Capital Gain And Loss Tax: D-162
Capital Gain is a benefit that results from a disposal of a capital asset—such as stocks, bonds or real estate—when the amount obtained in the sale exceeds […]
Costa Rica Fiscal Year 2020: Changes to Income Tax Declarations
Originally published in 2020 | Historical information reviewed October 2026 Editor’s note: This article explains the tax changes introduced during Costa Rica’s transition to a calendar-year fiscal […]
Rights of Minority Partners
Being classified as a minority partner within a mercantile society, also called a minority shareholder, means that one has less than 50% of the shares. Due to […]
Global Income Law Proposal
Global Income Law taxes the taxpayer based on their residence and not on the place where the income-producing business is located. This allows the system to tax profits […]
CABYS Codes for Businesses and Independent Professionals
If you own a business or work as an independent professional, consider that last December 1st, all products, and services charged with the VAT need to include […]
Am I Able to Work in Costa Rica?
One of the most common — and most misunderstood — questions expats ask after moving to Costa Rica is simple on the surface but complex in practice: […]