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Accounting and Taxation Requirements in Costa rica


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Costa Rica is a great jurisdiction for both private business and entrepreneurs. The countries close proximity to North America and a raft of Free Trade Agreements make for an attractive business environment. Costa Rica has a range of attractive fiscal advantages, which further encourage foreign investment in the region. Some examples of these include no value-added tax (VAT) and the presence of Free Trade Zones.

Watch the short presentation below, created by our team in San Jose and learn about the accounting and taxation requirements for companies operating in Costa Rica.

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Accounting and Taxation Requirements in Costa rica

  1. 1. Accounting and Taxation Requirements in Costa Rica
  2. 2. Fiscal Advantages in Costa Rica SME’s can register under a simplified tax regime No VAT - only a sales tax applied to some goods and services Costa Rican Investment Promotion Agency provides free investment services Presence of Free Trade Zones (FTZs) which have tax benefits Attractive legal framework for foreign companies
  3. 3. Accounting & Tax Requirements in Costa Rica Value Added Tax Rate Corporate Company Tax Rate Dividend Tax Rate Limited Liability Company Tax Rate Sales Tax Rate No VAT Between 10-30% Between 10 – 30% Between 10 – 30% 13% Requirement to File Monthly Taxes Requirement to File Annual Taxes Reporting to what Accounting Standard Requirement to invoice through the National Tax Authority No Yes IFRS Yes - Ministro de Hacienda
  4. 4. Accounting and Taxation Services Accounting Accounts Payable, Accounts Receivables and Treasury Reporting Tax Planning and Declarations Payroll Services Audit Services We keep your books and accounting registries in compliance with local laws and regulations. We provide complete and comprehensive support services for these key areas. We can adapt reports to your specific needs, in multiple currency formats and complying with international and local accountancy standards Planning and presentation of taxes before the local tax authorities Calculation, presentation and payment We provide bespoke, and tailored audit services to meet legal, financial and compliance requirements
  5. 5. We Can Help! Biz Latin Hub is a market leader in helping local and foreign companies to successfully do business in Latin America and has multi-lingual services that are Reliable, Tailored and Responsive Commercial Representation Company Formation Immigration Services Accounting and Taxation Services Other Services Legal Services
  6. 6. Contact Us Argentina Buenos Aires Costa Rica San José El Salvador San Salvador Brazil São Paulo Ecuador Quito Chile Santiago Colombia Bogotá México Ciudad de México Peru Lima
  7. 7. Doing Business in Costa Rica? Learn More Here! Company Incorporation vs Proffesional Employer Organisation (PEO) in Costa Rica Company / Legal Entity Formation in Costa Rica: 5 Essential Steps How to Open a Company / Corporate Bank Account in Costa Rica?