The Corporations Tax Is On. Legislators Approve Bill In Second And Final Debate.

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Q COSTA RICA – On Thursday, March 16, legislators approved in second and final debate the “tax on corporations” bill. Thus, owners of corporations, starting in July, must start paying the tax and continue to be liable for any accumulated debt of the previous law.
When will the law take effect?
Following Thursday’s approval, the bill must now be signed by President Luis Guillermo Solis and followed up with publication in the official government newsletter, La Gaceta.
As confirmed by Casa Presidencial (Government House), the process will be finalized by the end of this month.
According to the text of the approved bill, the law goes into effect three months following publication in La Gaceta, thus, the payment of the tax would start in July.
Given that

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