Corporate tax for 2014 increased to 199,700 colons

The country’s tax on corporations is going up about $20 for 2014.

The tax is keyed to the salary of a judicial worker, as are many other fines and fees in Costa Rica. When the judicial worker gets a raise, as they all do each year, the so-called base salaries goes up, too.

Lawyer Allan Garro of Cartago noted that the Registro Nacional had posted the new amount.

That amount is 199,700 colons for active corporations and half that, 99,850 colons, for inactive ones. The law that created the tax specified that active corporations will pay one half a base salary. The Poder Judicial said Friday that the base salary will be 399,400 colons.

The tax is due at the end of January. After that the amount draws interest.

In dollars, the tax is about $405 for active corporations and $202.50 for inactive ones.

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