Did you know that every property owner in Costa Rica has to present a property value declaration every 5 years? Probably not eh… In most countries around the world, property owners receive notice from the tax authorities that they have to pay their property taxes. Not in Costa Rica though! Like so many other things […]
Should you worry about squatters in Costa Rica or not? If you own a property in Costa Rica and you have abandoned it, yes you should worry about squatting. Try leaving your car on a street in downtown Los Angeles, Amsterdam or New York for a month and try to recover tires, radio and whatever […]
Any idea what taxes you have to pay in Costa Rica and when? Probably not… Therefore, let’s give you a Costa Rica expat tax update. In Costa Rica, most taxes and other payments, especially when you have employees, are due between December and January each year. Aguinaldo (Christmas Bonus) has to be paid in December, so […]
Are you buying a condo Costa Rica in the wrong place? Before you buy a condo Costa Rica for sale, here are 18 reasons you can be buying in the wrong place. This past weekend, I was showing some condos to clients. While some administrators do not maintain their community and the common areas look […]
For many years now buyers and sellers of Costa Rica real estate have been evading the Costa Rica Property Transfer Tax Law. This is done by transferring the shares of stock of the corporation that owns the underlying property. By selling the shares of the corporation the parties in a real estate transaction did not […]
Do your homework on who pays taxes in Costa Rica, which taxes and when they have to be paid. This guide will assist you in having you always up to date on all your Costa Rican tax payments. That’s because the government won’t tell you and you will find out when it’s too late. This […]
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by Ivo Henfling
