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All About U.S. Tax When You Retire in Costa Rica

All About U.S. Tax When You Retire in Costa Rica

For many retirees and soon-to-be retirees, the idea of retiring in Costa Rica, although appealing, can often get complicated because of the U.S. tax implications. So, before you say goodbye to your neighbors, take into account these vital U.S. tax considerations: 1.Pension Income How will your move abroad affect your pension income taxes? IRS says, […]

What's up with the Corporation Tax Costa Rica in 2019?

What’s up with the Corporation Tax Costa Rica in 2019?

I wrote this blog about Corporation Tax Costa Rica originally on January 1st, 2016. Since 2016, many things have happened with the Corporation Tax Costa Rica. Everything I wrote at the time has changed and we’re now in September 2019. So it’s time for an update. For many years, lawyers in Costa Rica recommended property […]

Should vacation rental accommodations have to pay taxes soon?

Should vacation rental accommodations have to pay taxes soon?

Is there a chance that vacation rental accommodations will have to start paying taxes soon? Many vacation rental owners are probably wondering what’s going on with that topic. Paying or not paying taxes makes a huge difference to your ROI if you have a vacation rental investment. It’s a fact that if you have income […]

Costa Rica property tax

Costa Rica property tax

Costa Rica property tax or impuesto sobre Los Bienes Inmuebles is calculated over the registered value of your property in the municipality where the property is located. The percentage of the annual property tax is 0,25%, as regulated by Law 7509. Costa Rica property tax runs from the 1st of January until the 31st of […]

What if I don’t pay my Annual Costa Rica Corporation Tax?

What if I don’t pay my Annual Costa Rica Corporation Tax?

I get questions by email about the annual Costa Rica corporation tax that was approved in January 2012. In a past article, I explained what this annual Costa Rica corporation tax is all about and why it was created. This is important information for most of my readers since many of you own your Costa Rica […]

Change in Temporary Costa Rican residency

Change in Temporary Costa Rican residency

There have been several changes in the temporary Costa Rican residency policy and law that affect the financial wellbeing of long-term visitors. This includes those visitors applying for one of the three immigrant resident categories. Just before our arrival, Immigration made changes in the temporary Costa Rican residency. We received the news when we went […]

US Tax Return Due Dates for Americans Living Abroad

US Tax Return Due Dates for Americans Living Abroad

Most U.S. citizens and green card holders rushed to file a US tax return by April 15. However, Americans living abroad on the regular due date of their tax return can take advantage of several extensions. We updated this blog on 3/27/2020 First and foremost, American expatriates get an automatic two-month extension until June 15 […]

Will foreigners in Costa Rica hurt from capital controls bill?

by Ivo Henfling President of Costa Rica, doña Laura Chinchilla, proposes a new bill to control capital that flows in and out of the country. The Colon is the most depreciating amongst 19 Latin American and Caribbean economies tracked by Bloomberg. Doña Laura Chinchilla announced measures to slow capital inflows that she called “weapons of […]