Corporate shareholder registration no longer needed for 2020 period

 If you own a Costa Rican corporation and already registered the shareholders for 2019, you no longer need to file again in 2020.

Due to the state of local and global affairs, on August 13th, 2020, the Treasury (Dirección General de Tributación) and ICD, amended the law for 2020 stating that all corporations will be updated automatically according to the information presented for 2019.

The 2019 filing deadline was April 30th of 2020 and the deadline for the 2020 period was September 30th, 2020. This recent amendment eliminated the filing requirement for the 2020 period. If you have not filed for 2019, that is still required and can be done anytime. Keep in mind that substantial fines may be charged to shareholders who do not file.

The next shareholder declaration filing is due in April of 2021 and can be done from the 1st through the 30th. New corporations established between January 1st, 2020 and March 31st, 2021 and corporations requiring changes to their 2019 declaration have until the April 2021 deadline to do so.

In order to file you must have a firma digital device that is only provided to citizens and residents with a DIMEX card. If you own a corporation but cannot get this device, give us a call and we can file for you.