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Obligations for companies reactivating in Costa Rica

Last May of this year, Law No. 10255 Law for the Reinscription of Dissolved Companies was published, the purpose of which is to allow companies that have been dissolved due to nonpayment of corporate income tax or due to expiration of the deadline, in accordance with Law No. 9428, Corporate Income Tax, to have the possibility, by paying all outstanding amounts, fines, penalties and interest, to re-register with the Registry of Legal Entities of the National Registry of Costa Rica, so that they may recover their legal personality and continue to carry out the commercial activities they are called upon to perform.

After several weeks of waiting, in order to comply with this law, Circular PJ – CIR – 021 – 22 was published in the library of the National Registry, which details the procedures and requirements that companies must comply with in order to be reactivated. As of today, several companies have been re-registered, so it is important to remember that once these companies are reactivated, they must comply again with the obligations of having a mercantile company in the country. For example:

  1. Payment of corporate income tax for the period 2022.
  2. Updating of data in the ATV system of the Ministry of Finance.
  3. Filing of declarations in the Registry of Transparency and Beneficial Owners.
  4. Self-assessment and payment of administrative penalties for late payment of the tax to legal entities.

Mariela Saborío
García & Bodán
Costa Rica