08 March 2022 Costa Rica proposes allowing corporations to pay annual tax owed for tax years 2016 through 2021 on legal entities without paying interest and penalties If approved, the bill would allow corporations to pay the annual tax owed for tax years 2016 through 2021 on legal entities without paying the interest and penalties. On March 1, 2022, Costa Rica proposed Bill No. 22.905, which would allow corporations, subsidiaries of foreign companies and limited liability companies to pay the annual tax owed for tax years 2016 through 2021 on legal entities without paying interest and penalties. This benefit would apply from the date the law enters into force through December 15, 2022. Legal entities that have been dissolved due to non-payment of the tax may submit a request to end the dissolution if they pay the tax due no later than December 15, 2022. The legal entities must file the request at the request of the shareholders with at least 51% of the total shares of the company.
Document ID: 2022-0386 | |||||||||||||||||||
