April 18, 2023
Costa Rica | Inactive Entities Informative Return, Form D-195, will be available on 24 April 2023
According to a press release issued by the Costa Rican Ministry of Finance, the Informative Return for Inactive Entities will be made available to inactive entities on 24 April 2023, through the Tax Authority's digital platform (in Spanish "Administración Tributaria Virtual, ATV").
The deadline for filing the informative return will be extended, for this year only, to 31 May 2023. Failure to file the return on time may lead to a penalty equivalent to three base salaries (approx. CRC 1,386,600).
For more information on the scope of compliance obligations for inactive entities and Form D-195, please refer to Global Tax Alert 2023-5386.
For additional information with respect to this Alert, please contact the following:
Ernst & Young, S.A., San José, Costa Rica
Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor