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Attention, it’s the last days to submit the Inactive Company Declaration! The deadline for submission is May 31st. Here’s more information to keep your obligations in order.
What does it mean to be an inactive company?
- An inactive company is one registered in the National Property Registry that does not engage in any profitable activities registered with the Ministry of Finance. Although they do not generate income from lucrative operations, these companies may own assets such as vehicles and properties.
What needs to be declared?
- In Costa Rica, inactive companies must declare to the Tax Administration whether or not they have assets, either registrable or not registrable before the Industrial Property Registry, shares, works of art, among others.
Why is it important to make this declaration?
- The submission of the Inactive Company Declaration is an annual obligation that inactive companies in our country must fulfill. By doing so, you protect your legal assets and comply with current legal provisions.
Remember, making this declaration is essential to maintain transparency and legal compliance for your inactive company.
At ERP Lawyers, we understand that these declarations can be confusing and overwhelming. Don’t worry, we’re here to help. We offer a comprehensive service where our team of specialized lawyers will gather the necessary information, prepare the declaration accurately, and submit it to the Tax Administration on your behalf. With our service, we guarantee to fulfill this obligation without any inconvenience or unnecessary fines.
Don’t miss the deadlines and avoid penalties that could affect your company. At ERP Lawyers we have a team of lawyers specialised in this area ready to provide you with the best assistance. If you need more information, do not hesitate to contact us by email at info@erplawyers.com