En este breve resumen podemos encontrar los 10 puntos claves para no incumplir obligaciones tributarias y verse obligado a pagar multas e intereses:

1. Inscribirse como contribuyente del impuesto de renta ante la Dirección General de Tributación
   Registrarse como contribuyente del impuesto al valor agregado (IVA).
2. Establecer un domicilio fiscal y brindar información de contacto.
3. Inscribirse como emisor-receptor de comprobantes electrónicos.
4. Emitir comprobantes de ingresos por cada servicio que brinde y cobrar el IVA.
5. Calcular el IVA (débitos menos créditos), presentar declaraciones mensuales y pagar el impuesto que corresponda.
6. Llevar una contabilidad (libros especiales) con base en los principios contables.
7. Preparar una conciliación fiscal y calcular y pagar el impuesto de renta.
8. Realizar pagos parciales del impuesto de renta.
9. Presentar los formularios informativos anuales.
10. Conservar por 5 años los comprobantes que amparar la contabilidad.
    Cualquier duda o consulta sobre este tema, no dude en contactarnos.-

*Este trabajo fue preparado por nuestro experto en Impuestos, el Master Heiner Orozco, quien puede ser contactado para apoyo en heiner.orozco@dyncr.com

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Today, every time i fly i m “out ” just during the flying time, as soon as i landed, we are back in touch, and everything works great, doesn’t matter if you are here in Costa Rica, or in Daytona beach in flip flops !!!

Well, This happen with the companies and its taxes, more and more clients asked me about tripartite structures where for example a Costa Rican Corporations is selling services in US, for Italy clients, you can see here, that you can get the benefits of each country, a good human resources from a country, a good customer in the other, and a perfect tax treatment in the other.

In our case, Costa Rica has a territorial taxation structure, not a global taxation, then, in those cases where the incomes comes from products sold or services provided outside the country, those incomes are not consider as an income or profit  taxable.

In the past this structure were used just for the biggest corporation but today is simple and fast. we are glad to provide more information, just contact us.-

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Today, every time i fly i m “out ” just during the flying time, as soon as i landed, we are back in touch, and everything works great, doesn’t matter if you are here in Costa Rica, or in Daytona beach in flip flops !!!

Well, This happen with the companies and its taxes, more and more clients asked me about tripartite structures where for example a Costa Rican Corporations is selling services in US, for Italy clients, you can see here, that you can get the benefits of each country, a good human resources from a country, a good customer in the other, and a perfect tax treatment in the other.

In our case, Costa Rica has a territorial taxation structure, not a global taxation, then, in those cases where the incomes comes from products sold or services provided outside the country, those incomes are not consider as an income or taxable profit.

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there are many many visits on our site, asking mainly for two issues:

– there are a legal and approved industry in Costa Rica?

– there license issued by the government?

the only answer for those questions are YES.

In our country – based in an excellent legal structure – people cant do only what is expressed prohibited, and the are not rules prohibiting this activities.

regarding the license we offer to our clients a license from the government.

side affects?

yes!

the banks in Costa Rica, has a strong position in from of this industry, then when you are licensed or involved with funds from this industry they will not open a bank account, or if you have it open, they can close it.

Solutions?

yes, our tax structures is based on territorial principle, due this Costarrican companies acting outside of Costa Rica, are not affected by our tax regulations, no incomes into Costa Rica, no taxes to pay in Costa Rica.

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When this times just that, time to see for new opportunities, become a entrepreneur, finally have you own small business. Well, what you need to learn from big companies? they split its operation finding the best of different  countries, and getting more success in its business.

Well, first of all, take a piece of  paper and write three skills do you have, then, against each of this, your difficult to develop. 

In my blog, after a lot of successful experiences, i´m sure how important is or has been has into your structure a nearshore company, it help you to handle a lot of thing in a better way, while you are into your business and doing what are you an expert,  is nearshore you can move part of your operation improving your costs, etc.

Think about it, and this is your time to have your future in your hands!!!!

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NEW TARIFF

The new amounts are: ¢1110 per child and ¢1640 for spouse.

is needed to clarify that in cae the tax payer is married and the spouse also is taxpayer, only one of both is able to aply the credit.-

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1. This tax is handle by the local government where the property is locate.
2. In case a person has a sole property,  can apply for an exemption. this exemption if for 45 minimum salaries. The tax should be paid for the excess of that amount. Around $20.000. In fact is possible to ask for an exemption for previous year (up to 5 years).
3. The tax debtors are:

• The owner of the property, 
• the Owner of a  “right of use” in the Maritime Zone, registered in the Local Government.
• the Concessioner in the Maritime Zone. 

     4. The amount or price used to define the Tax, is the price registered on the Local Government on the january 1st of the year where the tax should be paid.

     5. The owner of the property should complete a declaration about the value of the property at least every 5 years. Most of Local Government has a forms to fulfill.  

• The local Government appraise the properties in the area where your property is locate at least every 5 years.  
• The local government can appraise your property one time every 5 years. 
• If a property has a (new) mortgage, a Option Purchase or any other contract registered, then the Local Government can use the amount of the mortgage as the new price of the property.
• if the property has more than one Mortgage, then they sum of all amounts of these mortgages.
• The price given by the owner in the value declaration. (if the amount is higher than the price registered)

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Costa Rica Source Income

The Costa Rican corporate income tax system is based on the “territoriality principle” which means that only income derived within the CR territory and from CR sources is subject to income tax. CR source income in relation to compensation is defined as all earnings received for personal services rendered in CR, irrespective of the location from which the salary is paid and the mode of payment. Regarding the corporate income tax rates we must say that there are not more than the 30% for the profits.

The following are the kinds of taxes in  Costa Rica

 Corporate Income Tax

 Corporate Rates

All US dollar amounts included herein are computed based on an exchange rate as of October 8, 2008 of 549.00 colones per US dollar.

The statutory tax year runs from 1 October through 30 September. Companies must file corporate income tax returns and pay taxes due within two months and fifteen days after the end of the tax year.

Advance income tax installment payments must be paid on March, June, Sept, based on the prior year’s income tax paid or the average of the last three years, whichever is higher. A 75 % of that amount is divided on three, and this is the payment to be done each three months, If, for any reason, a company did not file a return during the last three years, it computes its installment payments based on its last filed return, following the formula said . New companies must make quarterly payments based on their first-year projections, which must be filed with tax authorities on or before the last day of January. If no projections are filed, the tax authorities determine the quarterly payments based on an imputed amount.

Educational & culture Tax

In Costa Rica every legal entity (corporation) as well as its subsidiaries, or agencies of a foreign company, which are duly recorded in the Costa Rican Public Registry mercantile section, must pay an annual tax that is around $2 or $6 dollars per year depending on the Company.

Tax on Distributed Profits / Dividends

Whenever a corporation distributes its profits as dividends, the following tax is applied:

• When the profits are distributed to corporation partners, the corporation, for payment to fiscal authorities must withhold a 15% tax.
• When dividends are distributed by a corporation whose shares are registered in an officially recognized stock exchange, a 5% tax must be withheld only if the shares were acquired through a stock exchange.
• If the partner is another corporation also subject to this withholding tax and with its capital duly registered in Costa Rica, the tax is not applicable.

·         Income tax for the partners: called , the dividends paid to the partners are under this tax structure:

–           If the dividend is send it out of Costa Rica, the tax rate is 15% over the sum sent it (and the payer is obligate to retention of the sum and deposit in the Tax Administration). But if in the country where the shareholder lives or has his domicile, doesn’t accept this tax as a deduction, he can ask to our T.A. for an exemption, and then the dividend is sent without any retention.- If the residence country does not recognize the dividend and is not credited or reported in its declarations the tax authorities may exonerate the payment of that tax through a special process procedure.

–           If the dividends are paid here in Costa Rica, (residents) the taxation rate is 15%.

Commercial License

Known in Costa Rica as “Patente”, it depends on the type of business you have (selling products, services, or administrative services). You need a commercial license for running your business in the location, so the local government (or municipality) will issue an operating license for your business .Once this license is approved, a canon (quota) which in most all cases does not exceed $200 is due quarterly.

Annual Property Taxes

In Costa Rica if any corporation or individual owns a property must pay a determined amount of money in concept of property taxes to the Local Government (Municipalidades) in which the property is located. This property tax may be paid annually, by semester or by quarter depending on the procedures established by each Local Government.

All around the Country, the property taxi s .25% over the value registered of the property in the Local Government.

Sales Tax

Sales tax is 13% on the amount paid for (all) goods and for some services. In all cases if a company buys and or sales products, should pay or collect this tax. According with the taxes regulations, there is a list of services affected to this Tax. If services your company offer is in that list your should collect this tax.

Income Tax on salary.

In accordance with Costa Rican tax laws, employees are required to pay taxes on any income earned as a result of an employment contract. The employer is required to apply the appropriate tax withholdings on a monthly basis and report the taxes to the Tax Authority. This payment is made monthly.

In order to calculate the withholding tax, we need to use the following tax rate:

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