Inactive Companies File Income Statement in March

Inactive Companies File Income Statement in March

Author: Mauro Esquivel

Treasury made the simplified form available to taxpayers for inactive companies to declare. All those companies registered under activity code number 960113, "legal persons incorporated in the country that do not carry out economic activities of Costa Rican source," will have to complete the declaration. The representatives of these companies must include in the declaration the information of the fiscal periods 2020 and 2021, and the deadline to comply with the obligation will be March 15, 2022.

This declaration must be made through the portal (ATV) Virtual Tax Administration of the Ministry of Finance. Taxpayers must have updated information on the tax address and legal representative.

"It is important to remember that Law No. 9635, 'Strengthening of Public Finances, "in article 2, obliges all legal entities, regardless of whether they carry out lucrative activities, to file income tax returns." "However, for the so-called inactive companies, the tax administration itself had suspended the filing of the return until the simplified form was available."