The corporate tax is a mandatory tax that all commercial companies registered with the National Registry of Costa Rica must comply with. This tax, established by Law No. 9027, aims to finance the operation of the National Registry and other related services.
Payment Deadline
The period for fulfilling this obligation is during the month of January, from the 1st to the 31st. It is crucial for businesses to make the payment within this period to avoid penalties and administrative complications.
Tax Rates
This tax has various rates, ranging from 15% to 50% of a base salary (¢69,330 to ¢231,100), depending on the level of gross income declared by the company during the previous year.
Consequences of Non-Payment
Failure to comply with this obligation has serious consequences for companies, such as:
- Fines and penalties: Additional economic sanctions are imposed on the tax amount.
- Restrictions in the National Registry: Companies that are not up to date with this tax will not be able to carry out procedures such as registrations or modifications in the Public Registry.
- Ineligibility for government contracts: Defaulting companies will be prohibited from participating in public tenders or contracting with public institutions.
Recommendations
- Verify information: Ensure that the company’s information is up to date to determine the correct applicable rate.
- Make early payment: This will prevent delays or potential issues with banking systems close to the deadline.
Complying with the corporate tax not only avoids penalties but also ensures that the company can operate without legal or administrative restrictions throughout 2025. Do not leave this obligation to the last minute. For professional support and advice, feel free to contact ERP Lawyers.
