The Costa Rican Tax Authorities published Resolution No. DGT-R-075-2019, related to the obligation of “inactive companies & entities”
Article 2 of this Resolution establishes as following: "Legal entities that have not carried out lucrative or substantive activities in the fiscal year must submit the Income Tax Form D-101, which establishes in article 20 of the Income Tax Law, No. 7092 and its reforms. For this purpose, they must include the
A change in the date of the 2020 Declaration before the end beneficiaries of corporations
The process is simpler now Via a ruling from the General Director of the tax office (Tributacion Directa) dated March 30th 2020, new rules apply to the obligation for companies to update on a yearly basis their corporate ownership structure. The rule that mandated an annual declaration be filed every February
Defenses in the judicial collection process
During these times of economic crisis, where the reduction in income affects the ability to repay debts, I think it is appropriate to know more about defenses in a collection process. The first thing to understand is that a collection process (or execution) arises when there is a default or non-payment