As we approach the new year, knowing the obligations that await your entities and properties in Costa Rica in 2025 is essential. To ensure a smooth and compliant year, please take note of the following important reminders:
1. Corporate Tax:
- Payment Deadline: January 31, 2025.
- Tax applicable to all registered entities in Costa Rica, regardless of commercial activity.
2. Property Taxes:
- Payment Options: Quarterly or Annual.
- Each Municipality will issue amounts for 2025 after January 1st, 2025.
3. Luxury Home Tax
- Payment and declaration Deadline: January 15th, 2025.
- This applies to residential properties with construction values exceeding a certain threshold determined by the Tax Administration annually.
- The Tax Administration updates the land and construction values every three years (forthcoming update: 2025)
4. Mandatory Tax Filing for “Non-Active or Inactive” Entities:
- Filing deadline: April 30th, annually.
- Applies to entities with no commercial or business activity.
- It requires the assistance of a local accountant.
5. Final Beneficiaries Owners Declaration (Registry of Transparency):
- Filing deadline: April 30th, annually.
- Applicable to all legal entities and legal arrangements domiciled in Costa Rica.
- Report any changes in ownership structure or UBOs within 15 business days.
Stay updated with potential government extensions through our communications. We also recommend reviewing your passports’ expiration dates, residency cards, and driver’s licenses at the beginning of the year.
Any changes to the amounts or filing deadlines for the abovementioned obligations will be promptly communicated. Your compliance is crucial for the smooth operation of your entities and properties in Costa Rica. Ensure compliance and avoid potential penalties.
Thank you for entrusting us with your legal matters. We look forward to another successful year of collaboration.
Feel free to contact us if you have any questions or require assistance with these obligations.
Contact Us:
info@corderoabogados.com
(506) 4001-9333 or US Direct Dial (305) 507-8530
Stay Informed and Prepared for Your Upcoming Obligations
