The Tax Administration has announced the deadline for complying with the obligation to file the declaration for inactive or non-active entities. The deadline is March 15th, 2022.
In the year 2019 the Tax Administration published the Resolution No. DGT-R-075-2019, related to the obligation of “inactive entities” to make an annual filing detailing all their assets, liabilities, and equity, via a new electronic tax form (simplified Income Tax Return form D-101).
“Inactive” means that the entity is registered at the Tax Administration as a company with no economic or business activity.
The filling of such declarations was extended beyond its original filing date (March 15th, 2021) and now it has been communicated that the new date is March 15th, 2022. The filling will consist of the fiscal periods of the years 2020 and 2021.
In accordance with what is established by the norm, the taxpayer must have updated the details of the fiscal domicile and legal representation, to present the declaration before the Tax Administration. This is a process your accountant or lawyer may be able to assist you with.
Both the updating of data and the presentation of the declaration must be carried out through the Virtual Tax Administration (ATV) portal, located on the website of the Ministry of Finance (www.hacienda.go.cr).
The filling of the declaration requires several detailed information that may take time to comply, so you should consider contacting your account as soon as possible, because of the constrained time frame and because of the Tax Authority platform red tape process.
Please contact your Costa Rican accountant for your entity to follow this new requirement or let us know if you require us to put you in contact with one.
