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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). Rafael Sayagués | rafael.sayagues@ey.com Randall Oquendo | randall.oquendo@cr.ey.com Daniel Quesada | daniel.quesada@cr.ey.com 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
Raul Moreno, Tokyo | raul.moreno@jp.ey.com Luis Coronado, Singapore | luis.coronado@sg.ey.com Document ID: 2021-6414 |