Costa Rica Expertise: February 2014

Monday, February 17, 2014

Short time remains to avoid ugly corporate tax trap

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Here is an opportunity for a last chance to resign from companies before the Registro Nacional starts collection of taxes due under Law 9024.

One attorney estimated 275,000 out of the 575,000 estimated mercantile companies registered in Costa Rica are defunct. They are part of an estimated 420,277 companies currently behind on the tax, as reported by the Banco de Costa Rica.