November 2017 Update Corporation tax and form D140
Great 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.
Last Update: The tax authorities have decided to re-do form D-140 again, I have deleted the old forms on 2/22/2018
This time, we have some good news for most of you.
First, find out if you own are corporation tax, the following way:
2015 – 2017 – Go to the National Registry website, log in (or create a login) and then go to “Impuesto Personas Jurídicas” where you can check if your corporation owed until December 2017. The National Registry can ONLY give you what’s owed until December 2017.
Starting 2018 – Go in person to the Banco de Costa Rica, give the teller your corporate ID#. The teller will be able to give you what’s owed from 2015 until today. If you have a bank account with Banco de Costa Rica, you can also check online what corporation tax your corporation owes.
Starting 2019 – you need a digital signature for any corporation that you own. You also have to register yourself as a shareholder, and you need a digital signature to do so. There are many other new laws that you need to comply with during 2019. Do you own a corporation in Costa Rica? Then click on the banner below to view the services you will need, offered at very affordable prices.
Those corporations who have not paid their corporation tax in time before December 2017, might have a lien on their property. This lien can only be canceled by paying the tax owed and by contacting your lawyer.
Only inactive corporations have to fill out Form 140. That’s because active corporations already fill our the income tax form.
Find out if your corporation is active or inactive on the Consulta Situación Tributaria website. Scroll for Cédula Persona Jurídica and click. Then fill out the corporate ID number or the company’s name. Fill out your corporate ID number and click search. In the result, look for Actividades Económicas, there are two options
- No hay actividades económicas que mostrar” for an inactive corporation,
- Estado – A for an active corporation.
When to file now?
Those who had planned to file their D140 to modify the data of their inactive corporation can do so during the month given below, depending on the last digit of your corporate ID number.
Here you can download the D-140 or D-140-modification-2018 en el Registro Único Tributario (up to date on 2/22/2018).
ACTIVE CORPORATIONS do NOT have to file.
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.
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. Contact your lawyer if you have a lien that says:
HIPOTECA LEGAL LEY 9024
RESOLUCION DE LAS 15 HORAS 20 MINUTOS DEL 30-08-2017 EXP. 2017-xxxx-RIM
AFECTA A FINCA: x-xxxxxxxx- –
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. Learn more about the services you will need if you own a corporation in Costa Rica while you’re not a legal resident or citizen of the country. Click on the banner below.
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