On May 15, 2020, the member countries of the Organization for Economic Cooperation and Development (OECD) officially invited Costa Rica to become the 38th member of the organization. What is the OECD exactly? It is an intergovernmental organization with the…
One of the complaints we often get are about Costa Rican lawyers is how much they charge. But did you know that there is a schedule of fees for legal and notary services as a matter of law? Minimum fees…
If you have a corporation in Costa Rica, be sure to pay the annual corporation tax to keep the company in good standing and registered. Inactive companies pay 67,530 colones (about US $120 as of this writing) and active ones…
Starting in January 2020, inactive companies in Costa Rica (such as holding companies with no business activity) will need to start registering with the tax department and submit yearly returns. This requirement has been adopted to confront possible tax evasion…
Do you know if your Costa Rican corporation is up to date? With the changes to the laws made in 2019 and before, is your corporation in good standing with the relevant authorities? Status with Tax Authority (Tributación Directa) You…
We're approaching the end of the 2019 fiscal year (which is also changing!) and there have been many changes on how to live, invest and do business in Costa Rica. In fact, it's been quite the whirlwind. Below is a…