Inactive companies are those that do not carry out lucrative activities, are registered in the Costa Rican Treasury Department and have “legal company duly incorporated” activity code 960113, as their only activity in their tax information.
On March 11th, 2022, a Law No. 10160 called "Simplificación de Trámites Tributarios para Personas Jurídicas sin Actividad Lucrativa " (Tax Simplification Procedures for Inactive Companies; by its translation to English) was published in the Costa Rican Official Newspaper, which extends for 3 additional months (counted from March 11, 2022) the submission of the information form in the Treasury Department for inactive companies. The last day to submit the form will be June 11, 2022.
Inactive companies are those that do not carry out lucrative activities, are registered in the Costa Rican Treasury Department and have “legal company duly incorporated” activity code 960113, as their only activity in their tax information. If you do not know if your company has to comply with this submission you can access the link https://www.hacienda.go.cr/ATV/frmConsultaSituTributaria.aspx and make the query by name or legal identification number.
Regarding the inactive companies submission, its made though the D.101 form (Income tax form) and the following information must be declared:
- Amount in cash, certificate deposits and accounts receivable
- Value of the shares in the name of the company and contributions made
- Inventory value
- Amount of fixed assets (discounting depreciation)
- Total net assets
- Total liabilities
- Net capital
If you require assistance to carry out any of these procedures, please contact Josué Monge This email address is being protected from spambots. You need JavaScript enabled to view it. or any of the members of our Tax or Corporate Law teams.
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