UPDATE 2023
- The Luxury Home Tax payment is due by January 15th, 2023. This tax applies to properties for residential purposes with constructions that exceed the value: 148,000,000.00 colones, (approx. US$250,000.00), in which case, the value of the land must be added and a staggered rate is charged on the total value that is between 0.25 % and 0.55% of the value of the building.
- The deadline to pay the Corporate Tax expire on January 31, 2023. In case of having debts from previous periods, the Registry proceeds to dissolve the entity. This payment applies to all Costa Rican entities including limited liability companies (limitadas), corporations (sociedades anónimas), subsidiaries or branches.
Do not hesitate to contact us if you need more information on this topic or if you want to hire our services to help you with the 2023 luxury home tax and Corporate Tax.
Note: The purpose of this publication is to provide general information on updates to real estate regulations in Costa Rica and is not intended to be legal advice as such. If you require more specific information on these issues, please contact Cordero & Cordero Abogados at info@corderoabogados.com.
