Many years ago it was usual in Costa Rica to define fines and taxes based on a fixed amount of colones. However, this was a problem because of the high devaluation and inflation existing in Costa Rica on those days. In a few years, it became a ridiculous amount and it was very complicated to pass a new law every year to keep it updated.
Because of this and since the National Budget law must be approved every year, on 1993, the congress decided to select and use something in this law to be used as a parameter to automatically define taxes and fines. The chosen parameter was the wages amount of an “Administrative Assistant One” of the Court. (Just the base wage, without pluses, bonuses, etc.) In the National Budget law approved for 2012, this parameter was established as 360,600 colones. In the National Budget law approved for 2013, this parameter was established as 379,400 colones.
Therefore, when in a Costa Rica law you read something about “a fine” or “a tax” of one salario base, or half salario base, etc., this is the base to use in order to calculate it.
© Copyright E&T ESCROW & TRUST SOLUTIONS S. R. L. Costa Rica.
( www.escrowtrustsolutions.com ) (Re-printed with its permission)
Please Note: This material is for personal use only and is protected by Copyright Law. It is provided as general information only and does not constitute and is not a substitute for legal or other professional advice. Reliance on this material is solely at your own risk. Always consult your own legal or other professional advisors and discuss the facts and circumstances that apply to your specific case.
- New Costa Rica Corporate Yearly Tax starting on Sept 1, 2017
- Buying a Vehicle in Costa Rica? Steps to follow
- May a Costa Rican S. A. (“Sociedad Anónima”) be transformed to a S. R. L. (“Sociedad de Responsabilidad Limitada”) or viceversa? The corporation must be closed and a new one must be created?
- Opening and Account in Costa Rican National Registry web site and getting a title report for a property
- New rates for Costa Rica Luxury Homes tax (“Impuesto Solidario para el Fortalecimiento de Programas de Vivienda”). (2011, 2102, 2013, 2014 and 2015 TAX PERIOD)
- Costa Rica Properties and Vehicles Protection – New National Registry Alert system
- “Salario base” – A Parameter to define some taxes, fines or criminal actions in Costa Rica during 2012.
- Old Corporation Tax Costa Rica or “Impuesto de Personas Jurídicas” (Voided by Constitucional Court)
- Getting an Appointment for your Car Technical Inspection (“RTV” Costa Rica)
- Education and Culture Stamp Tax (“Costa Rica Corporate Tax) – Yearly rate
Tag Cloudaccounting aguinaldo Annual appoinment changing an S. A. to an S. R. L. changing a S. R. L. to a S. A. Corporation costa rica costa rica christmas bonus costa rica corporate tax costa rica corporations costa rica escrow costa rica national register Costa Rica National Registry web site Costa Rican Corporation Costa Rica property deed costa rica social security education and culture stamp tax health insurance impuesto bienes muebles impuesto solidario labor risk insurance luxury homes money payroll taxes property liens property status property taxes Property title report risk insuranse rtv seguro de riesgos sociedad anonima solidarity tax srl Steps to follow to convert an S. A. to S. R. L. or viceversa sugef Tax Taxation taxes new rates tiembre de educacion y cultura Transforming a Costa Rica Corporation trust vehicules X'mas bonus