A recent change in customs procedures took place back on March 11th. We will review the changes and explain how they might affect you. Back in 2008, Costa Rica signed an international agreement known as “CAUCA” for its acronym in Spanish (Central American Uniform Customs Code). However, for it to come into force, […]
As we have previously mentioned, whenever you are looking to buy real estate, it is important to undergo a process that allows the buyer to review the property, providing them with the opportunity to identify potential issues or problems that could impact the purchase. This process is known as Due […]
It has been a year and a half since the Registry of Transparency and Final Beneficiaries (RTFB) was enforced as a mandatory requirement for corporations in Costa Rica. A lot of water has flowed under the bridge since then, especially when it comes to people trying to complete the obligation […]
If you have a corporation in Costa Rica, you might have heard about the Education and Culture Tax. This is a tax that legal entities must pay, based on the amount of capital reported on their income tax return, and is collected by Hacienda from February to March each year. […]
After multiple adjustments, this 2021 the Registry of Transparency and Final Beneficiaries (RTBF) must be submitted by the obligated parties. It consists of a computer system developed by the Central Bank of Costa Rica, which allows legal entities and other legal structures, trusts, third-party resource managers in favor of their […]
Brackets on Wages tax, Income tax and Tax Credits were updated last December to become enforced in January 2021. The update is carried out through an adjustment of zero point twenty-eight percent (0.28%), currently being handled the following way: Tax on wages Income of up to ¢ 842,000.00 (eight hundred […]
Reduction in the payment of the “Marchamo” has been approved this night in Congress. Vehicles must meet certain criteria. Please continue reading to see if yours qualify: 50% Off benefit applies for vehicles of regular categories with a tax value of fewer than seven million colones (approx 11,500 USD.00) and […]
The virus has quickly turned the world upside-down, changed our social habits, work routines and specially the way we do business. Some of the most significant key learning areas we should be paying attention to are: Consuming habits: people have changed and redefined their needs and what they consume. Changes […]
We previously discussed the best time to start a business during or after the COVID-19 crisis, if you missed it, click here. Let’s now talk about how to start a business in Costa Rica. Even though the process of starting a business has a bad reputation within the country, it […]
There is Good News for the Rest of the World Coming from Costa Rica! 2020 has made us deal with an insane amount of bad news for months, most of which has been breathtaking and overwhelming, and it seemed like there was never any good news in sight. But never […]
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