All commercial companies, branches of a foreign company or its representative and limited liability sole proprietorships registered in the Register of Legal Entities of the National Registry must pay the Tax on Legal Entities no later than next Wednesday, January 31, 2024.
The amount to be paid for this tax ranges from 15% to 50% of a base salary, taking into consideration that for the year 2024 the base salary remains at 462,200.00 colones, the legal representatives of legal entities must pay the following:
- Inactive Companies, 15% of a base salary (69,330.00 CRC)
- Companies with gross income less than 120 base salaries, 25% of one base salary (115,550.00 CRC).
- Companies with gross income in the range between 120 base salaries and less than 280 base salaries, 30% of a base salary (138,660.00 CRC)
- Companies with gross income equivalent to 280 base salaries or more, 50% of a base salary (231,100.00 CRC).
In case of failure to pay the tax on time, taxpayers are exposed to default interest, the impossibility of issuing certificates of legal status, the inability to register documents or contract with the State or public institutions, and even the eventual dissolution of the corporation.