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tax on corporations

The Corporations Tax Is On. Legislators Approve Bill In Second And Final Debate.

The Corporations Tax Is On. Legislators Approve Bill In Second And Final Debate.

Q COSTA RICA – On Thursday, March 16, legislators approved in second and final debate the “tax on corporations” bill. Thus, owners of corporations, starting in July, must start paying the tax and continue to be liable for any accumulated debt of the previous law. When will the law take effect? Following Thursday’s approval, the […]

The Basic Points Of The New Corporations Tax Law

The Basic Points Of The New Corporations Tax Law

Q COSTA RICA – If the draft Ley de Impuesto a las Personas Jurídicas (Corporations Tax Law) has no constitutional problems, it would come into force by the middle of the year, requiring all active and inactive corporations, including branches of foreign companies, their legal representatives and limited liability companies, as well as limited partnerships, […]

Legislative Christmas Gift of Tax On Corporations Almost Ready

Legislative Christmas Gift of Tax On Corporations Almost Ready

The controversial draft Law on Tax on Corporations (Ley de Impuesto a las Personas Jurídicas), to which legislator and perennial presidential candidate, Otto Guevara, who had sworn to clog the process with motions at the committee level, to speak from more than 100 hours, is now ready for the final legislative process. The Libertarain legislator […]

Minister of Security Says He Will Resign If Legislators Don’t Approve Tax on Corporations

Minister of Security Says He Will Resign If Legislators Don’t Approve Tax on Corporations

(QCOSTARICA) The Ministro de Seguridad (Minister of Security), Gustavo Mata has threatened to resign his post if legislators don’t approve the return of the Corporations Tax, that is used primarily to finance his portfolio. Gustava’s statement Monday morning of his eventual resignation came after providing details of the shooting in Cieneguita de Limon that left […]

Legislative Commission Endorses ‘Corporations Tax’ Bill

Legislative Commission Endorses ‘Corporations Tax’ Bill

QCOSTARICA – “I’ll be back” is a catchphrase associated with Arnold Schwarzenegger, which he first used in his role as the title character from the 1984 science fiction film The Terminator. However, it can equally apply well to the “corporations tax” in Costa Rica, that refuses to die. On Tuesday, the bill that aims to […]