property taxesTuesday, January 15th is the deadline for payment on “luxury home tax” while corporations – whether active or inactive – have to pay their corporate taxes also but the end of the month of January.

Like anywhere else, Costa Rica levies penalties against delinquent accounts so you’ll want to be sure to get them paid on time.

With respect to the luxury home tax, if the value of your real estate exceeds ¢117 million ($234,000) (as per 2013 assessments) then you’re obliged to pay.

The tax to be paid is equal to 0.25% of the property’s total value.  According to the Directorate General of Taxation, tax authorities are expecting to receive the luxury home tax from approximately 3,000 to 4,000 taxpayers which would clearly help the struggling administration along with the income recently received from the mandatory Marchamo payments on vehicles.

In order to register and pay the tax you’ll have to fill out a Form D-179. This form is available electronically on the tax office website (CLICK HERE) and may be filed and paid electronically, or printed and taken along with payment to authorized collection agencies throughout the country.

According to legal sources cited in Google, companies that have not made payment in time will be unable to register documents or obtain digital certificates as of February 1st.

According to the text of the law, a company that does not pay the tax for three consecutive years can be dissolved.

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