Estimated Reading Time: 11 Minutes Do you want to know everything about taxes in Costa Rica? We’re now in 2024, and the information below is updated. In this article, I will cover what type of taxes the local government charges and when they must be paid. You must pay taxes when you work, own a…
Estimated Reading Time: 5 Minutes Do you know where and how to pay the Costa Rica corporation tax, or “Impuesto a las Personas Jurídicas“? The Costa Rica corporation tax was approved in January 2012 and went into effect on April 1st, 2012. Many foreign buyers own property in a corporation, which is a practice that…
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…
Estimated Reading Time: 6 Minutes What are the tax implications for U.S. citizens 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 its strong exports, high tourism levels, and high levels of Foreign Direct Investment. If you…
You might not know it yet, but soon we’ll have capital gains tax in Costa Rica. How will this interfere with your home and your real estate investments in Costa Rica? Will this new tax law hurt future business in Costa Rica? One of our beach property affiliates told me this week that a seller…
Property owners who live out of the country often ask if they can make property tax payments online. The short answer is yes; you can make your property tax payments online. But, as you probably expected, it’s not as easy as it sounds. The reason is, that you need to have an account at Banco…
Do you hate to pay taxes too? Better to pay the least taxes possible, especially on your investments? How about not paying any taxes in the US at all? How can you invest tax free in a Costa Rica vacation home? Looking for a luxury vacation home or a beach condo instead of renting on…
Any idea what taxes you have to pay in Costa Rica and when? Probably not… Therefore, let’s give you a Costa Rica expat tax update. In Costa Rica, most taxes and other payments, especially when you have employees, are due between December and January each year. Aguinaldo (Christmas Bonus) has to be paid in December, so…
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…
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…
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…
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…