Category: Costa Rica Taxes

FAQ | Property Tax and other taxes to pay when buying property in Costa Rica

Don’t you want to know how much property tax to pay before buying property in Costa Rica? Learn now how much, when, and where to pay Costa Rica property tax, as well as other taxes. After you purchase a property in Costa Rica, you have to pay several property-related taxes: Property Transfer Tax When you…

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3 Important Income Tax Consequences when living in Costa Rica

Estimated Reading Time: 5 Minutes Living in Costa Rica might have important income tax consequences for you if you’re a taxpayer in the United States. Americans are increasingly choosing to relocate to destinations like Costa Rica. Data collected by Datosmacro.com in 2019 show that over 12,000 registered U.S. retirees and ex-pats prefer to live in…

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U.S. Citizens Tax Implications when earning income in Costa Rica

Estimated Reading Time: 6 Minutes What are the tax implications for U.S. citizens when working or having a business in Costa Rica? And their spouses’? Costa Rica is regarded as one of the safest bets in the emerging markets thanks to the strong exports, high tourism levels, and high levels of Foreign Direct Investment. If…

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Current Considerations for Incorporating a Company When Buying Property in 2019

I started practicing law in Costa Rica in 2003. At the time, incorporating, or not incorporating a company in Costa Rica to hold real property and other assets, was a straight forward decision. Property buyers were Incorporating a Company for basically 3 reasons: 1. Limited liability aspect afforded by the corporate structure. 2. Anonymity afforded…

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My corporation was dissolved by the Public Registry – did I lose my property?

Are you amongst the more than 250,000 corporate owners whose corporation was dissolved by the Public Registry for non-payment of the Corporate Tax? If your corporation was dissolved by the Public Registry, what happened to your property? During the real estate boom of 2007-2008, real estate developers set up corporations so that their clients, could…

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Requirement Corporation filing Form D-140 is mandatory

Now, a Costa Rican corporation filing is also required, if your corporation is inactive. Just paying the 2017 corporation tax is not enough. In another blog, I already explained what and how you can make the 2017 corporation tax payments. The Finance Ministry of Costa Rica has decided that the new corporation tax also requires…

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Mandatory property value declaration in Costa Rica

Did you know that every property owner in Costa Rica has to present a property value declaration every 5 years? Probably not eh… In most countries around the world, property owners receive notice from the tax authorities that they have to pay their property taxes. Not in Costa Rica though! Like so many other things…

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