On January 30, 2023, RES-DGH-001-2023 was published by which the amount of the tax established in Law No. 7972 was reduced by 0.49%, as follows: Percentage of alcohol by volume Tax (colones per milliliter of pure alcohol) Up to 15% 3.75 From 15% to 30% 4.51 Over 30% 5.25 These percentages apply as of February…
Category Archives: Costa Rica
31
Jan
Jan
On January 30, 2023, Resolution RES-DGH-ONT-001-2023 was published, updating the requirements for exemption from real estate tax as follows: That the real property is unique, i.e., that such property is registered in the Real Estate Registry by the individual only. That the value of the property registered in the Municipality does not exceed ¢20,799,000. In…
Banking & Finance, Blog, Costa Rica, Environmental, Social and Governance (ESG), News
BLP advises on the issuance of the first sustainability-linked bond to finance the digital infrastructure of Costa Rica.
31
Jan
Jan
BLP has advised both Liberty Costa Rica in its capacity as issuer and IDB Invest as structuring bank on the issuance of a Sustainability Linked Bond (SLB) as part of the financing to Liberty Costa Rica for a total amount of $450 million to increase access to 4G and 5G digital infrastructure and broadband quality…
Abogados, Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, News
Regional Holidays Calendar 2023
17
Jan
Jan
Our Labor & Employment team gathers the list of mandatory and non-mandatory paid holidays applicable to all Central American countries, ideal for Human Resources teams with operations in the region. Download
At BLP, Blog, Costa Rica, Real Estate & Hospitality
BLP inaugurates a new office at Marina Flamingo on the Pacific coast of Costa Rica
13
Jan
Jan
As part of its expansion strategy and to continue providing value in its solutions through added contact points, BLP is opening a new office in Marina Flamingo, the latest generation marina and resort village in Costa Rica. This new office focuses on transactions related to local real estate under the auspices of BLP’s renowned Real…
Blog, Costa Rica, News, Tax
Update of the Salary and Income Tax Brackets and Tax Credits as of January 1, 2023
05
Jan
Jan
On December 23, 2022, Executive Decree No. 43852-H was published in the official newspaper La Gaceta setting forth the new brackets of the single tax on income received for personal dependent work or retirement or pension and other remuneration for personal services (Salary Tax), the tax credits for individuals with lucrative activities (Tax Credits) and…
21
Dec
Dec
Listed below are the moveable national holidays for 2023 to enable employers to plan for next year: https://blplegal.com/blp-web-2021/wp-content/uploads/2022/12/Newsflash-Feriados-2023-en-CR_FB-IG-LNK-ENG-1024×1024.png At BLP we have a team that can assist you with the process. For more information contact us at [email protected] or through WhatsApp o Telegram at +506 6280 2269.
14
Dec
Dec
Our team specialist in Tax law shares the primary tax obligations for the 2023 fiscal year in Costa Rica. D-101 Income Tax Declaration Due within 2 months and 15 days after the closing of the company fiscal period. Taxpayers as defined in article two of Law No. 7092- Income Tax Law. Partial Payments of Income…
Analysis, Blog, Costa Rica
New Law for the Cultivation and Commercialization of Cannabis and Hemp in Costa Rica
13
Dec
Dec
https://blplegal.com/blp-web-2021/wp-content/uploads/2022/12/Articulo-Nueva-ley-para-el-consumo-del-cannabis.png Giancarlo Andreoli Senior Associate Costa Rica [email protected] In Costa Rica, recently, Law number 10.113 called “Cannabis Law for Medicinal and Therapeutic Use and Hemp for Food and Industrial Use” was approved, establishing six months to regulate said Law by the Executive Branch, which has executed those regulations as published in the official newspaper La…
Banking & Finance, Blog, Costa Rica, Guatemala, News
BLP has advised EVERTEC, Inc. and its subsidiaries on refinancing credit facilities
12
Dec
Dec
BLP has advised EVERTEC, Inc. (EVERTEC, or the Company) in Costa Rica and Guatemala on the refinancing of its existing credit facilities; the new credit lines consist of $200 million of extended revolving credit and a $415 million term loan A, both maturing on December 1, 2027. The new term loan and a $50 million…