Thursday 24 June 2021

Owners of Corporations Are Exposed to Closures for Non-payment of Corporations Tax

75897_620This year is the third year that the “corporations tax” comes payable, as each “active” corporation required to pay ¢199.700 colones and ¢99.850 for “inactive”.

The tax is payable by January 31.

The importance of the third year is that for business owners who have ignored paying the tax during the last two years, they may have their businesses closed.

- Advertisement -

For delinquent owners the main sanction is the losing of the corporation. Additional sanctions can range from not being able to get certifications (required for transcations) to not being able to register a new corporation.

Also, the law allows levies a fine of ¢92.50 colones (less thant US$0.20) for each day of default for an active corporation and half of that for an inactive.

The tax can only be paid at the Banco de Costa Rica (BCR).

The only corporations exempt from the tax are “small businesses” registered with the Tributación and the Ministerio de Hacienda (Taxation and Ministry of Finance).

- Advertisement -

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"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.

Related Articles

Rodolfo Méndez rules out new contracts for MECO and H Solís

QCOSTARICA - No more soup for you! If the Minister of...

Today 50 years ago: Costa Rica and Panama entered into conflict over air routes

TODAY COSTA RICA - Original text published in La Nacion on...

MOST READ

Rodolfo Méndez rules out new contracts for MECO and H Solís

QCOSTARICA - No more soup for you! If the Minister of Public Works and Transport (MOPT), Rodolfo Méndez, has his way, the H. Solís...

Today’s Vehicle Restriction June 20: only “EVENS” can circulate

Today, Sunday, June 20, only vehicles with "EVEN" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Pandemic reinforces the Costa Rica’s attractiveness as a global destination for wellness tourism

QCOSTARICA - The pandemic caused by Covid-19 fuels the strategy of positioning Costa Rica as a world destination to develop wellness tourism, since travelers...

Facts and Career Opportunities for Positioning and Popularity of a Casino Dealer

Are you thinking about becoming a casino dealer? If you’re a Hungarian citizen, we’ll tell you more about what you need to know. You...

Weather, friendly locals, cost of living: expats in Mexico, Costa Rica enjoy same things

EXPAT FOCUS (MND) Of course it was no surprise that readers of Mexico News Daily voted Mexico as the No. 1 expat destination in...

OIJ investigation into road works corruption leads to inquiries in Panama

QCOSTARICA - The prestige of the company of some of the richest men in Costa Rica hangs by a thread. For many, the MECO...

American woman found lifeless in hotel bathroom in Sabana

QCOSTARICA - A sad discovery occurred this Thursday morning in a hotel located in La Sabana, in San José, the lifeless body of a...

The United States will distribute 55 million vaccines against Covid-19 in Latin America, Africa and Asia

QCOSTARICA - The United States presented on Monday a plan to share 55 million doses of coronavirus vaccines worldwide, with approximately 75% of the...

Ortegs regime requests Russia’s armament and military preparation to face “threats of terrorism”

TODAY NICARAGUA – Russian Minister of Defense, Sergei Shoigú, revealed during the IX International Security Conference in Moscow that the Government of Nicaragua requested...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.