A New Tax in Costa Rica
May 19, 2011
Properties in Costa Rica
If you have ever purchased a car, house, property, or business in Costa Rica chances are you have been involved in an Sociedad Anonimous (S.A.). Basically here in Costa Rica it is just a corporation like in the United States used for dealing with business.
The S.A. has become the main way of doing business and almost everyone in the country has at least one if not more. The government looks to pass a new bill that would tax every S.A. in the country $200 per year. This is a sm
all amount but with the number of S.A.’s that exist this could be a nice boost to government spending.
The $200 extra dollars a year from each S.A. is a tax that the government plans to use to boost security in and around the country. The security has taken giant leeps in the last couple of years with more police, cameras in cities, and an improving legal system.
So for anyone thinking of doing Real Estate do not get alarmed a small $200 fee each year if you decide to do your business in an S.A. will go to a very good cause.
