Thursday 16 September 2021

Corporations Tax Due Today!

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Today, January 31, is the last day to pay the “corporations tax”. And according to the Registro Nacional, only some 100.000 have paid been paid, leaving more than 500.000 still to pay.

Starting tomorrow, interest and penalty charges start to add. In addition, the Registro will not provide certifications for corporations with outstanding tax.

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All “active” corporations are required to pay a tax of ¢189.700 colones (US$383) and “inactive” one half of that. All corporations are deemed active unless the necessary filing is made to make it inactive.

Last year only 220.414 corporations had their tax paid.

If the tax goes unpaid for three consecutive years, the Registro can take action to have the company cancelled. Based on records, more than half of all corporations could be cancelled in 2014.

To cancel a corporations voluntarily the legal costs are around ¢120.000 colones.

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"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

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