24 January 2020 Costa Rica's annual tax on legal entities is due January 31 Entities must make the annual tax payment on or before January 31 to avoid the imposition of interest and a penalty. The deadline to pay Costa Rica's annual tax on legal entities for tax year 2020 is January 31, 2020. For tax year 2020, the following tax rates will apply: Legal entities | Tax rate (Base salary ¢ 450,200) | Entities that do not carry out any lucrative activities and, therefore, are not registered as income taxpayers | 15% of the base salary (i.e., ¢ 67,530) | Tax-registered entities that reported gross income of 120 to less than 280 base salaries for income tax purposes in the previous tax year (i.e., ¢ 54,024,000 to less than ¢ 126,056,000) | 30% of the base salary (i.e., ¢ 135,060) | Tax-registered entities that reported gross income equal to or greater than 280 base salaries for income tax purposes in the previous tax year (i.e., greater than ¢ 126,056,000) | 50% of the base salary (i.e., ¢ 225,100) |
According to Costa Rica's Tax Code, late payment of the annual tax may result in the imposition of interest and a penalty fee. Additionally, failure to pay the tax for three consecutive periods may result in the entity's dissolution. Contact Information
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Document ID: 2020-0188 |
