2019 Corporation Taxes and Registration - SRS-CR: Summerland Relocation Services

January 17, 2019 2 Comments

2019 Corporation Taxes and Registration

Posted by Constance Monroe in Informational

2019 Corporation Taxes and Registration

Most individuals who own property here in Costa Rica do so under a corporation name. This means you pay corporation tax every year. In 2018, there were revisions made to the laws which require you to submit a form and pay taxes. See our article on what was done last year to get a better understanding of the history.

If you haven’t done so already, you will need to complete the D-140 tax form and submit it to the Tax Administration. The D-140 tax form is a registration of your corporation and MUST be completed for EVERY corporation by someone AUTHORIZED to conduct business for that corporation. It does NOT matter whether the corporation is ACTIVE or INACTIVE – the form still needs to be completed and submitted. (Note: YES, this includes corporations that are ONLY used to hold property, vehicles or bank accounts.)

If you did NOT submit this form last year, there is an amnesty which might save you costs in interest and fines, but it expires on March 4th, 2019. The following are the timeframes and costs associated with filing:

  1. Submit the form before February 4, 2019 pay only 20% of the fine without interest
  2. After such date and March 4, pay 30% of the fine without interest

The fine is approximately $700 U.S. dollars so you either pay 20% or 30% of it. But to do this before February 4th, you need to go in person to the Tax Administration office. Summerland Relocation Services (SRS) can act as a power of attorney granted by your corporation if appearing in person is not an option for you at this time.

SRS offers a full service to help you pay your corporation taxes. List us as your power of attorney and we can get the job done for you without any hassle or confusion. Looking to be a bit more independent, but need a bit of help? We will go with you and walk you through the process until it is finished and make sure you know what to do for next year. SRS is here to help!

Read the blog on our website. For complete details or assistance, email us.

Print Friendly, PDF & Email

Comments (2)

  • darren lee

    can you tell me is there an update on the amnesty …i am going to the office on monday 1st april …i know call me stupid ! …thankyou

    March 29, 2019 at 3:52 pm


    • Constance Monroe

      Hello there! Listen, these things are often complicated and hard to keep up with so we know how it can be; hence we will never call you stupid! As far as we know, there are no updates to the amnesty. This means you will have to pay the fine of $700 or at the very least a percentage of it. It really depends on circumstance and who you are dealing with. If you would like to have a conversation with us about it before you go to the tax office, call us 4070 0400. It might be worth it to get a better understanding before you speak to the office themselves.

      March 30, 2019 at 3:53 pm


Leave a Reply

Your email address will not be published. Required fields are marked *

Click to view available HTML tags and attributes
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

SRS-CR.com - Summerland Relocation Services Inc. | MWH ADVERTISING