Tuesday, March 13, 2012

Own a S.A. or LLC Corporation? Cultural TAX DUE March 31

CULTURAL TAX DEADLINE March 31

Owners of Costa Rican corporations have another little chore this month. The deadline March 31 is for the education and cultural tax.

The amount is minimal. The biggest corporations pay only 9,000 colons. But if the tax is not paid penalties can be a pain.

The law has been on the books since 1976. If a company is active or inactive, it still is liable for the tax.

Many expats have corporations to hold the ownership of vehicles and even homes.

The tax this year can be filed on paper with a local bank or via the EDDI, software that can be downloaded for free from the Dirección General de Tributación.

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