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RULES ABOUT CASH PAYMENTS TO BE ACCEPTED FOR INCOME TAX PURPOSES 30 May 2013 | 12:51 am
Costa Rican tax Administration, by means of document DGT-R-017-2013 has created new rules regarding payments in cash that will not be accepted for income tax purposes. Generally these are the paramete...
“Salario base” – A Parameter to define some taxes, fines or criminal actions in Costa Rica during 2012. 10 Jan 2012 | 06:52 am
Many years ago it was usual in Costa Rica to define fines and taxes based on a fixed amount of colones. However, this was a problem because of the high devaluation and inflation existing in Costa Rica...
NEW COSTA RICAN CORPORATE YEARLY TAX 5 Jan 2012 | 04:36 am
COSTA RICAN CORPORATE YEARLY TAX On Dec 27, 2011 a new Costa Rican Law was enacted by which a new Corporate tax was created. (Law 9024). This law will become in effect on April 1st 2012 and will af...
New rates for Costa Rica Luxury Homes tax (“Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”). (2011 and 2012 Tax Period) 29 Jan 2011 | 05:54 am
By means of Decreet number 369288-H[1], Costa Rica Government published the new rates for the 2012 Luxury Home Tax, Officially known as “Impuesto Solidario para el Fortalecimiento de Programas de Vivi...
Education and Culture Stamp Tax (“Costa Rica Corporate Tax) – Yearly rate 21 Jan 2011 | 05:09 pm
Like in most of the countries, any Corporation making profits in Costa Rica must pay the respective Income Tax, which is called in Costa Rica as “Impuesto sobre la Renta”. However, in addition to suc...
Costa Rica Christmas Bonus (X’mas Bonus or “Aguinaldo”) 15 Jan 2011 | 12:38 pm
Christmas Bonus is an average extra yearly payment that must be made to every worker in Costa Rica. This payment must be done even If the employee works for less than a year. These are the parameters...
Forming a Costa Rica Corporation – S. A. or S. R. L.? Differences 15 Jan 2011 | 12:27 pm
There are many kind of legal entities, but for business in Costa Rica, there are two that are used the most. The S. A. or SA. (which stands for “Sociedad Anónima”, something like “Anonymous society”)...
Costa Rica Labor Risk Insurance ( “Seguros de Riesgos del Trabajo, Costa Rica” ) – Yearly Rates 12 Jan 2011 | 11:05 am
According to Costa Rica Labor Law, in addition to the Social Security Health Insurance, every employer must buy a Labor Risk Insurance (in Spanish “Seguro de Riesgos del Trabajo”) in which all workers...
Costa Rica Property Tax (“Impuesto sobre Bienes Inmuebles”) 6 Jan 2011 | 10:17 am
Costa Rica Property Tax (“Impuesto sobre Bienes Inmuebles”) Law Number 7509, enacted on June 6th, 1995, created this tax. According to it, every landowner must pay a 0.25% yearly tax to the local gov...
Costa Rica Social Security 5 Jan 2011 | 07:23 am
Costa Rica Social Security. In Costa Rica, Social Security is a kind of health insurance and retirement plan to cover every worker. This is an obligation for every employer according to the law. Rega...
