In accordance with the Law of Taxes on Real Estate and its Regulations, this tax was established for the sake of the local government where it is kept localized. This tax has a rate of 0.25% of the registered value.
In those cases in which the property is the “only property” of the passive subject (the owner of the real estate that must pay the tax), and if it is not included as part of a company, then it is exempt up to ¢12,141,000.00 (twelve million, one hundred and forty-one thousand colones net). This value is fixed according to the law to the equivalent of 45 base salaries, the base salary being fixed at the sum of ¢269,800.00 (two hundred sixty nine thousand, eight hundred colones net). This is in accordance with the resolution made by the Technical Normalization Agency of the General Headship of Taxation, Resolution #01-2009 – San Jose, at ten o’clock of the 15th of January of 2009. Published in La Gaceta #28 of the 10th of February of 2009.
In those cases where the value of the property is above this amount, the tax will be paid on the part that is in excess of the amount.
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Annualy our Tax Administration of Costa Rica, establishes sectors or economic activities that can be subject to tax supervision.
So, aside from the list contained in the Regulations on objective criteria for the selection of contributors for supervision DECREE NO. 25925-H from the 13th of March of 1997 and modified by the DECREE NO. 27651-H of the 5th of February of 1999, and
In accordance with the Resolution #DGT-27-2008 General Headship of Taxation, taken at eleven o’lock of the 10th of December of 2008. And published in La Gaceta #27 of the 9th of February of 2009, were the following activities chosen or added:
1. IMPORTATION OR COMMERCIALIZATION OF NEW AND USED AUTOMOTIVE VEHICLES, OR THEIR SPARE PARTS, OR BOTH.
Real estate activity. This includes the concept of preparation of lands, the construction, promotion, and sale of housing, building and commercial real estate and the renting thereof.
Lending of educational services.
Free exercise of professions, including professional activity societies.
Services related to tourism such as hotels, transport, tour operators, travel agencies, excursions, leisure activities and so on.
Centers for betting, games of chance, virtual casinos, or the use of slot machines.
Passive subjects of any sector or economic activity, whose relation by quotient between the net income and the declared gross income of end results over uses, being less than this same average relation of the economic activity that is undertaken.
Vehicle workshops (repairs, maintenance, alignment, and paint)
Passive subjects of any sector or economic activity, who as a consecuence of being the object of performance actions, or initiating said proceedings, would have presented the tax declarations or would have initially rectified those present.
Related services with auxiliary activities of finance or markets, etc.
Paid transport service of people, both public and private.
Production and commercialization of pineapple and its derivates.
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