Taxes

  • Declaring the value of your property, and what happens if you don’t0

    One of the most common misconceptions when buying a property in Costa Rica is believing that once the property has been purchased, the only thing to worry about is paying for utilities on the house and any corresponding taxes on the property. However, like many things in Real Estate Law, the devil is in the

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  • No Tax Icentives for Investors – Not Yet0

    What is the status of law 9996 creating incentives for investors? The delay with the implementation of law has generated anxiety in the expat community. In July of 2021, the CR Congress approved a law which created tax incentives for foreigners. Mainly, the incentives meant the creation of tax exemptions for the the importation of

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  • Luxury Tax on 200k houses0

    The “Solidarity Tax” (also known as “Tax on luxury houses”) was formally established in Costa Rica, through law no. 8683 on November 19th, 2008. Such tax falls back onto the value of the properties that are destined for housing purposes, whether the properties are regularly used, occasionally or just for recreation purposes. Such tax is

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