Costa Rica: Declaration by inactive legal entities due 31 May
Obligation of inactive legal entities to register in the single tax registry and provide summary information on their assets
Due 31 May
In accordance with Resolution No. MH-DGT-RES-0007-2023, the declaration by inactive legal entities (D-195) is due 31 May.
The General Directorate of Taxation in 2019 established the obligation of inactive legal entities to register in the single tax registry and provide summary information on their assets, liabilities, and capital. In particular, such entities must provide the following information:
- Reasons why the legal entity does not have a lucrative activity
- Detail (including acquisition value and current value) of the movable and immovable property owned by the legal entity, including trademarks, patents or other rights, club memberships, jewelry, works of art, and antiques
- Indication of whether the legal entity has cash balances, bank accounts, or accounts receivable in Costa Rica or abroad
- Information about short- and long-term debts
- Identification of the physical or legal person that assumes the debt of the inactive company
Read a May 2023 report (Spanish) prepared by the KPMG member firm in Costa Rica
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