• Costa Rica Coffee Guide

Only 35 percent of Costa Rican corporations will pay taxes on time

January 29, 2015

Today (Jan. 31) is the deadline for 550,000 corporations to pay corporate taxes, and representatives of Banco de Costa Rica (BCR) estimate that some 400,000 will not do it on time.

Alexander Acón, manager of the commercial division of BCR, said some 20,000 corporations paid on Wednesday, and an expected 40,000-50,000 will pay on Thursday, totaling an estimated of 35 percent of the country’s corporations.

The tax imposes a yearly fee of ₡189,700 ($380) to active corporations and ₡94.850 ($190) to inactive ones. An inactive corporation is one that does not earn profit, commonly used in Costa Rica to hold assets, while an active corporation is registered with the Tax Administration and earns income.

The law states that corporations failing to pay the tax will be barred from doing business operations starting Feb 1. Those failing to pay for three consecutive years will be automatically dissolved.

The corporate tax can be paid in all BCR offices and at its website at: www.bancobcr.com.

To pay, people only need to provide a corporate identification number (cédula jurídica).

You may be interested

How Does Coffee Pulp Help Costa Rica Reforestation?
Coffee
4 views
Coffee
4 views

How Does Coffee Pulp Help Costa Rica Reforestation?

STEVEN HODEL - April 18, 2021

While the ever growing demands of society continue to encourage the destruction of tropical forests, like in Costa Rica, there…

Slothy Sunday: Visit Costa Rica’s sloths on Earth Day!
Environment and Wildlife
4 views
Environment and Wildlife
4 views

Slothy Sunday: Visit Costa Rica’s sloths on Earth Day!

Mariana Diaz / Toucan Rescue Ranch - April 18, 2021

Happy Earth Week, everyone! As you may or may not know, Earth Day is an annual event on April 22…

These are Costa Rica’s coronavirus measures for April 2021 (updated)
Costa Rica
1994 views
Costa Rica
1994 views

These are Costa Rica’s coronavirus measures for April 2021 (updated)

Alejandro Zúñiga - April 17, 2021

The Costa Rican Presidency has re-introduced weekend driving restrictions in response to an increase in coronavirus cases and hospitalizations. Below…