Estimated Reading Time: 11 Minutes Do you want to know everything about taxes in Costa Rica? In this article, I will cover what type of taxes the local government charges and when they must be paid. You must pay taxes when you work, own a business, or own a property here. And, of course, you…
Don’t you want to know how much property tax to pay before buying property in Costa Rica? Learn now how much, when, and where to pay Costa Rica property tax, as well as other taxes. After you purchase a property in Costa Rica, you have to pay several property-related taxes: Property Transfer Tax When you…
Property owners who live out of the country often ask if they can make property tax payments online. The short answer is yes; you can make your property tax payments online. But, as you probably expected, it’s not as easy as it sounds. The reason is, that you need to have an account at Banco…
Did you know that every property owner in Costa Rica has to present a property value declaration every 5 years? Probably not eh… In most countries around the world, property owners receive notice from the tax authorities that they have to pay their property taxes. Not in Costa Rica though! Like so many other things…
Should you worry about squatters in Costa Rica or not? If you own a property in Costa Rica and you have abandoned it, yes you should worry about squatting. Try leaving your car on a street in downtown Los Angeles, Amsterdam, or New York for a month and try to recover tires, radio, and whatever…
Any idea what taxes you have to pay in Costa Rica and when? Probably not… Therefore, let’s give you a Costa Rica expat tax update. In Costa Rica, most taxes and other payments, especially when you have employees, are due between December and January each year. Aguinaldo (Christmas Bonus) has to be paid in December, so…
Are you buying a condo Costa Rica in the wrong place? Before you buy a condo Costa Rica for sale, here are 18 reasons you can be buying in the wrong place. This past weekend, I was showing some condos to clients. While some administrators do not maintain their community and the common areas look…
For many years now buyers and sellers of Costa Rica real estate have been evading the Costa Rica Property Transfer Tax Law. The seller transfers the shares of the corporation that owns the underlying property to the buyer and this changes everything. By selling the shares of the corporation the parties in a real estate…
Post-closing issues are often forgotten by the real estate agent, the closing attorney, and even the buyer. Often buyers assume these post-closing issues just happen automatically. Well, in Costa Rica, nothing goes automatically. That’s why I asked attorney Roger Petersen to help us out and write a blog about it. These post-closing issues seem so…