COSTA RICA: THE DEADLINE FOR FILING THE INACTIVE COMPANIES’ TAX RETURN IS POSTPONED

Munoz Global

January 26, 2021

In recent days we informed you that on March 15, 2021 the deadline for filing the Inactive Companies´ Tax Return (companies that do not carry out profitable activities in the country) expired and it was reported that these companies had to submit the Form D.101 that usually use the “active” companies to declare Income Tax.

However, on January 22, Resolution DGT-R-02-2021 was published in which the Tax Authority informs that the deadline for filing the Tax Return of Inactive Companies has been postponed and a new simplified form will be issued for these companies. so that they can easily declare their assets and liabilities.

The new term will be 2 months and 15 days after the Tax Administration publishes the new Simplified Form that will be used. In this way, the presentation is suspended until the Form is published.

The Resolution adds that the term remains in force for entities that at the end of the period (December 31, 2020) were inactive but did have taxable activities at some point during that period, in which case they must submit form D.101, Income Tax Return on March 15, 2021.

Similarly, companies can voluntarily submit form D.101, completing only the information related to their assets and liabilities.

Similarly, companies can voluntarily submit form D.101, completing only the information related to their assets and liabilities.

Dentons Muñoz has expert professionals in the field who can advise you and give you the necessary legal support to comply with your tax obligations. Do not hesitate to contact our Tax Department to obtain more information about the scope and implications of this new regulation.

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