Meeting your tax obligations in Costa Rica is essential to ensure the smooth operation of your business and avoid penalties. Below, we outline the most relevant taxes and their filing deadlines to help you stay on track.
Key Tax Declarations
- Monthly filing:
- Deadline: By the 15th of the following month.Example: Transactions made in October must be declared by November 15.
- Annual filing for companies: Must be submitted by March 15 of the following fiscal year.
- Quarterly filing for independent professionals: Deadlines are in March, June, September, and December.Example: The fourth-quarter ISR must be filed by December 15.
- Quarterly income tax prepayments, calculated based on the previous year’s tax return, are expected by the tax authorities
What Happens If You Miss a Deadline?
Failing to meet your tax obligations can result in fines, interest, and, in severe cases, the suspension of business activities. Staying on top of your declarations ensures compliance and helps avoid unnecessary disruptions.
Simplify Your Tax Management
At TCT Outsourcing, we specialize in making tax compliance hassle-free. Our team of experts in accounting, payroll, and property management offers tailored solutions, allowing you to focus on what matters most: growing your business.
Contact us today at www.tctbpo.com or email us at . Turn accounting into a strategic advantage, not a burden.