Is your property in Costa Rica owned in a corporation? You might have heard some stories about the Corporation Tax in Costa Rica but you don’t really know what is going on? Do you want to know what will happen to the corporation tax in Costa Rica for 2016?
Some owners of property in Costa Rica don’t even know that a corporation tax (impuesto sobre sociedades mercantiles) was created in December 2011 through tax law No 9024. I have written some articles about this tax earlier.
The existing corporation tax law No 9024 was declared unconstitutional in the Costa Rican Constitutional Court in 2015, annulling the collection of this tax for 2016.
The corporation tax funds usually go to the Public Security Ministry, the reason we already knew the government was not going to let it go so easily.