UPDATE – November 2017 Corporation tax and form D140
NEWS FLASH……… The Costa Rica Tax Regulation authorities came to the realization that their recent (September 2017) tax act was creating chaos not just for those owning corporations but as well as their staff. Considering the number of foreigners NOT living in Costa Rica having to complete the D-140 form AND the fact that the government doesn’t have sufficient personnel to handle and/or enforce the regulation, there is a delay for the D-140 filing. The filing dates start February 2018. Refer to the schedule below.
On November 6, 2017, the Costa Rican tax office made the declaration Nº DGT-R-51-2017. The declaration states that the requirement to fill out the declaration and modification of data form D140 for an inactive corporation is suspended as of November 06, 2017.
Corporations that have been dissolved by the government and have canceled pending corporation taxes 2012 – 2015 before December 15, 2017, can present a request to cease its dissolution to the National Registry.
The request will leave the dissolved corporations in the same condition as they were before the dissolution with retroactive effect.
Corporation owners have until January 15th, 2018 to submit their request before the National Registry, after having paid the pending taxes.
Understand clearly that this November 2017 Corporation tax Update does not mean you can now stop paying the corporation tax. You are still required to pay your corporation tax on the dates identified in the other articles.
When to file the D140 Document-New filing dates:
A) Corporate ID ending in 1 and 2: During the month of February 2018. (this is only for those corporations that were registered in the National registry before October 31st, 2017 or those that were dissolved.
B) Corporate ID ending in 3: During the month of March 2018.
C) Corporate ID ending in 4: During the month of April 2018.
D) Corporate ID ending in 5: During the month of May 2018.
E) Corporate ID ending in 6: During the month of June 2018.
F) Corporate ID ending in 7: During the month of July 2018.
G) Corporate ID ending in 8: During the month of August 2018.
H) Corporate ID ending in 9: During the month of September 2018.
I) Corporate ID ending in 0: During the month of October 2018.