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The Ministry of Finance has decided to extend the deadline for payment and declaration of solidarity tax (Luxury Homes) to January 25.
On January 10th, the General Directorate of Taxation, of the Ministry of Finance, communicated through its official page that the deadline to declare and pay the solidarity tax, without a surcharge, for the strengthening of housing programs for the 2019 period, will be extended just this time until January 25 th of this year.
This is due to a delay in the publication of the sections in the official newspaper ‘La Gaceta’, for which an extension of ten calendar days is granted, which is valid from that same date. For this Ministry of Finance, communicated through its official page the solidarity tax declaration deadline.
This declaration is presented every three years and the payment of the tax is not deductible for purposes of income tax.
For that periodo, all taxpayers must make the declaration to update the value of their properties.
This obligation must be fulfilled by all real estate owners for residential use, which are used in a regular, occasional or recreational manner, including both fixed and permanent installations, whose construction value is greater than one hundred and thirty-one million colones (¢131,000,000.00). The tax is paid on the value of the construction, plus the value of the land.
The new sections on which the calculation is generated are the following:
| Tracts | Value | Rate |
| Up to | ₡329.000.000 | 0,25% |
| From the excess of | ₡329.000.000 up to ₡659.000.000 | 0,30% |
| ₡659.000.000 up to ₡988.000.000 | 0,35% | |
| ₡988.000.000 up to ₡1.318.000.000 | 0,40% | |
| ₡1.318.000.000 up to ₡1.646.000.000 | 0,45% | |
| ₡1.646.000.000 up to ₡1.978.000.000 | 0,50% | |
| ₡1.978.000.000 | 0,55% |
For more information or advice, ERP Lawyers Associates makes its Labor Law team available. Contact us and we will gladly assist you https://erplawyers.net/en/contact-us/
