Costa Rica Tax Authority intends to scrutinize taxpayers claiming loss or zero profit on FY22 Corporate Income Tax returns

26 July 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Costa Rica

Taxpayers in Costa Rica who have reported losses or zero profits on recent Corporate Income Tax returns will likely be required to provide detailed information to the Tax Authority.
Due to a 2018 Constitutional Chamber of the Supreme Court decision, the names of companies that reported losses or zero profits in the last 10 years became public.
The Tax Authority may request audited financial statements and in-person interviews with legal representatives and company owners.

Taxpayers who have reporte…

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