Yearly Archives: 2015
EDITORIAL: If The Law Creating the Corporations Tax Is Unconstitutional, Why...
If you own a corporation in Costa Rica - an S.A. (Sociedad Anomina) - you know well that there is a corporations tax payable by end of January every year for the last few years.
Many foreigners (and locals) who hold their car, property or any other item of value...
Costa Rica Five Years Of Red Ink
QCOSTARICA - Costa Rica closed out the books on 2014 with its fifth year of a deficit higher than 4%. This has alreasdy had its effect on the nation's investment risk assessment by Fitch's international rating system, which will impact in the interest rates on loans the government floats.
According...
Corporation Tax Ruled Unconstitutional; However 2015 Tax Must Be Paid
QCOSTARICA - A ruling by the Constitutional Court (Sala Constitucional) has declared the tax on corporations ("impuesto a sociedades" in Spanish) illegal.
But, despite its unconstitutionality, the tax on corporations for 2015 fiscal year, which ends of on January 31, must be paid.
Starting from 2016 the tax no longer applies.
From a...