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December 22, 2021
2021-2297

Inactive entities in Costa Rica must file a Simplified Income Tax Return starting on January 1, 2022

Inactive entities must have the accounting and legal documentation to correctly complete the new Form D-101, Simplified Income Tax Return.

On December 20, 2021, Costa Rica's Tax Authority announced that inactive entities registered in the Tax Registry as a "constituted legal entity" (i.e., those with no economic activity) must file new Form D-101, Simplified Income Tax Return, starting on January 1, 2022.

Inactive entities must file Form D-101 for tax years 2020 and 2021 no later than February 15, 2022. To file Form D-101, entities must have updated the information regarding the domicile for tax purposes and the information regarding the legal representative in the Tax Authority's virtual platform (ATV).

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Contact Information
For additional information concerning this Alert, please contact:
 
Ernst & Young, S.A., San José, Costa Rica
   • Rafael Sayagués (rafael.sayagues@ey.com)
   • Randall Oquendo (randall.oquendo@cr.ey.com)
   • Daniel Quesada (daniel.quesada@cr.ey.com)
Latin American Business Center, New York
   • Ana Mingramm (ana.mingramm@ey.com)
   • Lucas Moreno (lucas.moreno@lan.ey.com)
   • Pablo Wejcman (pablo.wejcman@ey.com)
   • Enrique Perez Grovas (enrique.perezgrovas@ey.com)
 

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