22 December 2021

Costa Rica | Inactive entities must file a Simplified Income Tax Return starting on 1 January 2022

Inactive entities must have the accounting and legal documentation to correctly complete the new Form D-101, Simplified Income Tax Return.

On 20 December 2021, Costa Rica’s Tax Authority announced that inactive entities registered in the Tax Registry as a “constituted legal entity” (i.e., those with no economic activity) must file new Form D-101, Simplified Income Tax Return, starting on 1 January 2022. 

Inactive entities must file Form D-101 for tax years 2020 and 2021 no later than 15 February 2022. To file Form D-101, entities must have updated the information regarding the domicile for tax purposes and the information regarding the legal representative in the Tax Authority’s virtual platform (ATV).

_________________________________________

For additional information with respect to this Alert, please contact the following:

Ernst & Young, S.A., San José, Costa Rica

Rafael Sayagués | rafael.sayagues@ey.com

Randall Oquendo | randall.oquendo@cr.ey.com

Daniel Quesada | daniel.quesada@cr.ey.com

Ernst & Young LLP (United States), Latin American Business Center, New York

Ana Mingramm | ana.mingramm@ey.com

  • Lucas Moreno | lucas.moreno@lan.ey.com

  • Enrique Perez Grovas | enrique.perezgrovas@ey.com

  • Pablo Wejcman | pablo.wejcman@ey.com

    Ernst & Young Abogados, Latin America Business Center, Madrid

    Ernst & Young LLP (United Kingdom), Latin American Business Center, London

    Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

    Raul Moreno, Tokyo raul.moreno@jp.ey.com

    Luis Coronado, Singaporeluis.coronado@sg.ey.com

    Document ID: 2021-6414