New corporation tax law, required on all CR corporations.

October 19, 2017

d140 formThe new corporation tax law, 9428, imposes a D-140 registration requirement on any and all CR corporations.

The deadline for submitting the D-140 Form to the Tax Administration depends on the last number of your Corporate ID: (Pursuant to the Regulations to Law No. 9428)

– 1 y 2: before October 31st, 2017.
– 3 y 4: before November 30, 2017.
– 5 y 6: before December 31st, 2017. – 7 y 8: before January 31st, 2018.
– 9 y 0: before February 28, 2018.

Example:
3-101-222222 Must submit the Form before October 31st, 2017.

Form available in the following link: Click Here

Failure to comply with this requirement, will be sanctioned with a penalty that will be calculated based on the delay in payment (but never exceeding the amount equivalent to three base salaries: USD$ 2300, approximately).

Below, please find the step by step process:

1. Fill out and sign the Form.
2. Authentication of the signature by a Costa Rican Notary Public (stamps must be attached)*.
3. Submit the Form before the Tax Authority.

For this specific case, it is possible to submit the Form before any Tax Authority Office “Oficina de Administración Tributaria**”.

People outside the country, must grant a POA in order to be able to submit the Form on time.

GM Attorneys was so kind and had sent out this info. They are a Law Firm with offices in Flamingo Beach, Tamarindo and San Jose. For more info please contact your attorney, accountant or GM Attorneys

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