Before the end of the month there are TWO IMPORTANT TAXES to be paid, failing comes with serious consequences.

The first is the tax on corporations or S.A.’s. This tax is payable on all active and inactive (registered) corporations. If the tax goe unpadi for three consecutive years, the corporation is subjec to fines and even closure.

Not paying the tax makes it difficult to run the corporation, especially obtaining the “personeria juridica” which is required for just things like banking, etc.

The tax on corporations is only payable at the Banco de Costa Rica (BCR).

The other is the tax on luxury homes, which has increased by 41% over last year.

Both taxes are due and payable by January 31 of each year.

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