Should you select Married Filing Jointly or Married Filing Separately when marrying a Costa Rican? It has become common for US Persons to find love abroad. You’ll often hear of an American moving to Costa Rica and marrying a young Tico or Tica. A U.S. citizen or permanent resident needs to consider a few tax…
When living abroad as a US expat, you’re supposed to know what FBAR is. Do you? Filing a US expat tax return is a daunting task for many American expatriates. Although US citizens and green card holders are aware of foreign earned income exclusion, foreign housing exclusion, and foreign tax credit, many American expats do not…
Estimated Reading Time: 3 Minutes I gave my last update on the Costa Rica Luxury Home tax in January this year as a reminder to you all that this annual tax always has to be paid on January 15th. Let’s see what happens with the money that is paid by those who own a luxury…
The Costa Rica real estate board (CCCBR) located in San Jose, is starting a Property Price Index (IPP= Indice de Precios de la Propiedad) and promises to have the first progress on the Province of San Jose for the first quarter of 2013. This was reported by El Financiero, the leading financial newspaper of Costa…
For many years now buyers and sellers of Costa Rica real estate have been evading the Costa Rica Property Transfer Tax Law. The seller transfers the shares of the corporation that owns the underlying property to the buyer and this changes everything. By selling the shares of the corporation the parties in a real estate…
In this 3rd and last blog on this matter, I will tell you about the powers this tax law will give the Costarican government. In my first and second blog about the changes in Costa Rica 2013 Tax Law, I explained about Law of Compliance with Standards of Fiscal Transparency and Law Strengthening the Tax…
There are some significant changes in the real estate tax procedures in the air that you should know about. In my first blog about Costa Rica Fiscal Transparency, I explained about Costa Rica’s legislation being on the verge of passing two new laws. This will bring about significant changes to the tax structure currently in…
The Chinchilla administration is presenting important changes in the standards of fiscal transparency. Costa Rica’s legislation is on the verge of passing two new laws. This brings about significant changes to the tax structure currently in effect. The two legislative bills have already passed the legislative hurdles. Now, the bills are shortly expected to be…
This Real Estate Tax Guide for North American Expats can be very helpful when buying and selling Costa Rica Real Estate. Moving abroad is a difficult and complicated process even apart from the issue of real estate. Purchasing real estate overseas has complicated implications on your expat taxes. The solutions can be found in this Real…