Costa Rica Real Estate, from Coast to Coast, the Right Way!!!

By Ivo Henfling for The Easy Times

The new Costa Rica corporation tax was approved in January 1012 and though I thought someone would put a motion against in in the Sala IV, but that didn’t happen, so the new law seems to be going into effect on April 1st, 2012. My blog on January 7 tells you the whole story about the new Costa Rica corporation tax and how much you should pay and my blog on January 8 tells you how it interferes with your business or the Costa Rica real estate you have incorporated.

Between January and now, I have received lots of emails asking how you can pay the tax. Well, the government created the tax but didn’t create a solution to make the payments. Today I can give you the great news that the National Register and the Banco de Costa Rica (BCR) agreed on working together on this.

By Ivo Henfling for the Easy Times

You are investigating the purchase of Costa Rica real estate, but before you move to Costa Rica, you would of course like to know what is waiting for you tax-wise. If you move to Costa Rica or buy real estate in Costa Rica, do you need to pay taxes or not?

Capital gain taxes

Let's start with the best news: Costa Rica doesn't have any capital gain taxes, which makes it a great investment environment. When you retire to Costa Rica, no matter which country you come from, you probably pay taxes on your retirement income already. 

This exempts you from paying income tax in Costa Rica. Yes, retirees in Costa Rica do NOT pay any taxes on their foreign retirement income.

By Ivo Henfling for the Easy Times

I wrote a blog just this last week about the approval of the new tax on corporations in Costa Rica which you can read on my own companies´ website.

Today, I’d like to give you my opinion, the opinion of a Costa Rica real estate agent, how this new tax can interfere with your business or with the car or property in Costa Rica you own.

I really don’t think the Costarican government came up with this scheme to charge taxes on corporations to get rich. Soon, they’ll find out that maybe half the corporations that are registered were abandoned by their owners. Get a better idea of what this new tax on Costarican corporations can mean to you.