• Knock knock! Corporate taxes are due!

    Knock knock! Corporate taxes are due!0

    The payment of Corporate taxes is in force since 2017 according to the law N° 9428 and all companies registered in Costa Rica are obliged to do so by January 31st, 2023. Who should pay this tax? The tax will be applicable to the following business: Sociedades Anónimas (corporations), Sociedades de Responsabilidad Limitada (Limited Liability

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  • Due Diligence: Verification that Taxes are Up to Date

    Due Diligence: Verification that Taxes are Up to Date0

    A fundamental step in due diligence is to verify that the property is up-to-date with the Municipality Taxes (known as property taxes). This information will assure the future owner of the property that the property does not have any overdue taxes with the Municipality.   Part of the many faculties that the municipalities have, is

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  • Responsibilities When Hiring Staff0

    There are certain responsibilities that must be fulfilled in order to have a healthy working relationship between every employer and his employees, this is usually the rule all around the world and Costa Rica is no exception. The Labor Code broadly regulates the relationship between employer and employees and clarifies the obligations of both within

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  • How to Do Business in Costa Rica0

    Starting a business is different in every part of the world due to the particular challenges you may come across, in addition each country has a business culture that is important to understand and Costa Rica is no exception. One of the most important things we must do before we can run a business in

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  • Know the General Obligations of a Corporation in Costa Rica0

    We will briefly explain the obligations and responsibilities that companies must fulfill here in Costa Rica in order to be in compliance. It is very important to comply with the established deadlines so that the corporation can remain in good standing and up to date. Obligations for Business Corporations: 1. Corporations Tax: Businesses usually adopt

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  • What is the Education and Culture Tax?0

    If you have a corporation in Costa Rica, you might have heard about the Education and Culture Tax. This is a tax that legal entities must pay, based on the amount of capital reported on their income tax return, and is collected by Hacienda from February to March each year. Just like the Corporate Tax,

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