Home Costa Rica Forum Costa Rica Guide Moving to Costa Rica Real Estate Healthcare in Costa Rica
Costa Rica
Resources
City Guides
AGS Worldwide Movers
JoinSign In
Cigna International Health Insurance

Costa Rica Expat Forum

New Corporation Tax

Post New Topic
Drneuro100
6/22/2019 17:22 EST

I just received the costs from Outlier Legal for my condo in San Jose Escazu:

You will need to submit monthly tax returns on the corporation:

1. Taxpayers have until the 15th of the next month to comply, therefore, the first declaration must be filed before August 15, 2019.

In addition, I understand that you rent. If that is the case, the following will also apply in regards to the VAT:

1. Housing rentals are exempted (each) to pay the 13% VAT as long as the amount declared does not exceed the 1.5 of a base salary, which it will be around $1,100.00 USD / ? 640,000.00 CRC per house rented. Should this amount be exceeded, even for ?1 CRC (one Colón), a 13% will be applied to the total amount of the rent of the house that exceeded the exempted amount.

If any of your rents exceed the aforementioned amount, one of the following scenarios will apply:

2. From the total income a 15% on expenses can be reduced with no voucher required. A 15% tax will be applicable to the remaining 85%.

3. Keeping at least one (1) employee with the corresponding social security requirements. Selecting for this option will require a deeper analysis as you could end up paying more on salary, bonuses, benefits and social security rather than staying with option 2). Also, note this model must be informed to Hacienda and can only be switched to option 2) after 5 years.

Monthly service: we touch base with you on a monthly basis to obtain your written approval to proceed with the monthly declaration. $50 USD per month

- Yearly bundle: you provide us with a written authorization for us to manage the monthly declarations for a complete year. $360 USD a year

Just a FYI and solution/cost for any who have to deal with this new cost of living in CR.

Post a Reply

00abuse

Expatriate Health Insurance

Get a quote for expat health insurance in Costa Rica.

International Moving Companies

Moving to Costa Rica? Get a moving quote.


Mail Forwarding to Costa Rica

Mail Forwarding to Costa Rica.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Expatriate Health Insurance

Get a quote for expat health insurance in Costa Rica from our partner, Cigna Global Health.
Get a Quote

Culture-Shock-in-Montezuma-An Expat Talks about Culture Shock & Living in Montezuma , Costa Rica

An expat talks about what it's like living in Montezuma, Costa Rica. The challenges he found in Montezuma where terrible roads, power outages, the language barrier and the prohibitively high cost of shipping into the country.

An expat talks about what it's like living in Montezuma, Costa Rica. The challenges he found in Montezuma where terrible roads, power outages, the language barrier and the prohibitively high cost of...

Living-in-MontezumaAn Expat Discusses Living in Montezuma, Costa Rica

An expat in Montezuma, Costa Rica talks about learning to live more simply, let go of material things and enjoy the fresh air, sunshine and life. But, you'll also have to adjust to living without Starbucks, driving on very bumpy roads, lots of insects and rainy season.

An expat in Montezuma, Costa Rica talks about learning to live more simply, let go of material things and enjoy the fresh air, sunshine and life. But, you'll also have to adjust to living without Sta...

Healthcare in Costa Rica

Costa Rica is has both public and private healthcare systems. When you become a resident, you must enroll in the public healthcare system (CAJA). Many expats use the public system for routine healthcare and have private expat health insurance for specialists, surgeries and emergencies.

Costa Rica is has both public and private healthcare systems. When you become a resident, you must enroll in the public healthcare system (CAJA). Many expats use the public system for routine health...

10 Tips for Living in Costa Rica

Expats in Costa Rica love the Pura Vita vibe, Costa Rican's focus of family and friendship and being surrounded by nature. Can you live in Costa Rica on $1,000 a month? Is driving in Costa Rica dangerous? Expats share their tips and experiences living in Costa Rica.

Expats in Costa Rica love the Pura Vita vibe, Costa Rican's focus of family and friendship and being surrounded by nature. Can you live in Costa Rica on $1,000 a month? Is driving in Costa Rica da...

10 Expats Talk About What It's Like Living in Costa Rica

Expats living in Costa Rica talk about Pura Vida, deciding where to live in Costa Rica, meeting people and more.
Expats living in Costa Rica talk about Pura Vida, deciding where to live in Costa Rica, meeting people and more....

Top 5 Reasons Expats Move to Central America

From lower cost of living to affordable healthcare and beachfront living, expats discuss the top reasons they moved to Central America.
From lower cost of living to affordable healthcare and beachfront living, expats discuss the top reasons they moved to Central America....

Costa Rica Guide
Other Links
Our Story Our Team Contact Us Submit an Article Advertising Travel Warnings

Copyright 1997-2019 Burlingame Interactive, Inc.

Privacy Policy Legal