BLP – Tax Monthly Review May 2019

SUMMARY OF THE OFFICIAL GAZETTE –April 2019 

Projects

Exemption from property tax for free zones

To clarify the consequent legal uncertainty that may arise in the interpretation of the exemption from real estate tax, granted by subsection d) of Article 20 of Law 7210, for companies within the Free Zone Regime, this bill proposes that in the above-mentioned clause where “territorial tax” is indicated, it is understood as “property tax”.

Likewise, where “start of operations” is established, it means “date of the beginning of operations established by the Executive Agreement for each request”.

(Published in La Gaceta No. 64, Digital Issue # 74 on April 1, 2019)

 

executive decrees

Update on the tax on non-alcoholic beverages and toilet soaps

Executive Decree No. 41620-H of March 11, 2019, updated the amount of specific taxes on packaged beverages without alcohol content (except milk) and toilet soaps, in accordance with the following table:

Product type Tax (colones per unit of consumption)
Soft drinks and soft drink concentrates 19.15
Other liquid drinks packaged (including water) 14.21
Water (containers of 18 liters or more) 6.62
Tax per gram of toilet soap 0.242

These amounts apply from April 1, 2019.

(Published in Digital Issue No. 75, La Gaceta No. 64, April 1, 2019)

 

Modification to the Basic Food Basket

By means of Executive Decree, No. 41639 – MEIC – H, the subparagraph iv, of paragraph o) of article 1 of the Basic Basket Regulation was reformed, whereby the Menstrual Cup of said Basket was eliminated.

(Published in Digital Issue No. 75, La Gaceta No. 64, April 1, 2019)

 

Administrative resolutions

Joint Resolution for the Registry of Transparency and Final Beneficiaries

The General Directorate of Taxation, together with the Costa Rican Drug Institute, issued the Resolution of General Scope, whereby it clarifies and determines the process for the declaration of participants and final beneficiaries in the Registry of Transparency and Final Beneficiaries, indicating in the first instance, the following obliged:

 

Legal persons obliged to provide information Legal representative
Anonymous Societies President
Limited Liability Companies Manager or Deputy Manager
Societies in Collective Name Administrator
Limited Partnerships Manager
Branches of Foreign Companies Holder of Power of Attorney
Individual Limited Liability Companies Manager
Civil Companies Administrators

 

The Directorate also pointed out the possibility that the provision of information can be made through a single proxy, which must be a natural person with sufficient powers for the act, which will have to be accredited through a notary public.

The deadline for the presentation of the ordinary declaration was confirmed as once a year during the month of April (from April 1 to April 30). If an extraordinary declaration is submitted, the term will be within 15 working days from the date of entry in the official book. As the 2019 period is the first year in the supply of such information, the term will be as follows:

 

Last digit of the legal identity number Mandatory declaration month
0 and 1 September 2019
2 and 3 October 2019
4 and 5 November 2019
6 and 7 December 2019
8 and 9 January 2020

 

The breach of this declaration will be sanctioned with a fine of a base salary, which for the year 2019 is the sum of ¢ 446,200.

(Resolution No. DGT-ICD-R-14-2019, March 8, 2019, published in La Gaceta No. 66, April 3, 2019)

 

 

tax obligations May 2019

Date Declaration due
10 –        D-150 Monthly statement of deductions
15 –        D-155 Monthly statement of withholdings summary payment on account sales tax and income tax

–        D-103 Withholding at the source

–        D-104 General sales tax

–        D-106 Selective Consumption Tax

–        D-107 Tax on casinos

–        D-113 Tax on income and capital gains on investment funds

–        D-114 Single tax per type of fuel

–        D-117 Specific tax on alcoholic beverages

–        D-171 Specific tax on packaged beverages without alcohol content and toilet soaps

–        Tax on tobacco products, Art. 25 subsection a) Law 9028 General Law on Tobacco Control and its harmful effects on health

–        Parafiscal contribution to the telephone service, Art. 1, 4th paragraph Law 9355

 

Relevant tax information

Current base salary 2019 ¢446,200
Current interest rate (April 1, 2019) 13.16%
Exchange rate reference BCCR USD

(April 30, 2019)

Purchase: ¢ 592.98
Sale: ¢ 599.09

 

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