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November 2017 Update Corporation tax and form D140

November 2017 Update Corporation tax and form D140Great news: we have a November 2017 update Corporation tax. Thankfully the tax authorities are reacting to the mess they’ve created on the Corporation tax and form D140. I can assure you, it is driving me nuts. The bureaucrats at the Costa Rican tax office have a hard time making the right decisions.

Of course, the new law should not have been approved the way it was and now the tax office is totally swamped. But, this time, we have some good news for most of you.

Temporary suspension

Today, on November 6, 2017, the Costa Rican tax office sent out declaration Nº DGT-R-51-2017. This declaration states that the obligation to fill out declaration and modification of data form D140 for an inactive corporation is suspended starting today.

But we’re not done yet. There is even better news in this November 2017 update Corporation tax.

Dissolved corporations

Those corporations that are 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.

This 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 make the request before the National Registry, after having paid the pending taxes.

Non Payment

This November 2017 Update Corporation tax does not mean you can now stop paying. The tax authorities still want your money, on the dates stipulated in the other articles. Don’t forget to pay 2018.

When to file now?

Those who had planned to file their D140 to modify the data of their inactive corporation can stop doing it. Your form will not be accepted by the tax office right now. These are the new 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.

Other news

Unfortunately, I have no news if they will accept several corporation filings with the ID’s ending in different months or not. You can find out how to fill out form D140 here.

For those who would like to read the notification, Nº DGT-R-51-2017 in Spanish can download it here.

If you have any doubts or questions, please consult with your attorney.

This article is a service by the American-European real estate group, we appreciate your business. To purchase or sell property in Costa Rica, contact us now.

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Ivo Henfling

Ivo Henfling started the American European Real Estate Network Costa Rica in 1996 and has grown it into the largest Costa Rica MLS with thousands of up to date property listings for sale and for rent. Ivo has written hundreds of articles about real estate and living in Costa Rica for The Tico Times and other online informational sites.

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