Deadline Passed: Delinquent Companies Face Steep Penalties for Missed 2025 Beneficial Owner Filing
Over 33,000 companies in Costa Rica missed the April 2025 RTBF filing deadline. They now face crippling fines up to $87,000 USD and administrative sanctions that can freeze operations. Immediate action is critical to mitigate the damage.
The April filing period for the 2025 Registry of Transparency and Final Beneficiaries (RTBF) has officially closed, and Costa Rican authorities are now shifting focus to the thousands of companies that failed to comply. While timely and accurate filing was mandatory to avoid repercussions, entities now find themselves delinquent and facing immediate and significant financial and administrative sanctions.
Recent data from the Costa Rican Drug Institute (ICD) highlights the scale of compliance, with 242,036 legal entities having submitted their declarations. However, a staggering 33,305 companies missed the deadline, placing them in a precarious position. This annual declaration, required under Law 9416, the "Law to Improve the Fight Against Tax Fraud," is a critical tool for the government to expose the ultimate owners of corporate structures and combat illicit financial activities. An additional 76,819 corporations are in the process of dissolution and were not counted in this tally.