Resolution MH-DGH-RES 0002-2024 was published today in the Official Gazette La Gaceta, which establishes the update of the exemption base applicable to the Real Estate Tax for the owners of a single property in the case of an individual.
The regulation establishes that in the case of real estate that constitutes a single asset and has a maximum value equivalent to forty-five base salaries, it will be exempt from taxation, and in cases where this amount is exceeded, the tax must be paid on the excess of this base.
In reference to the calculation of the exempt base for the 2024 tax period corresponding from January 1 to December 31, 2024, the 45 base salaries previously indicated correspond to ¢20,799,000.00 (twenty million seven hundred ninety-nine thousand colones exact).
Finally, it is important to keep in mind that the Real Estate Tax is a municipal tax and that in case of complying with the requirements for the exemption of 45 base salaries, the taxpayer must apply for it before the corresponding Municipality.