All Posts in Category: Blog

Closing costs – registration fees, notary and attorney fees, documentary stamps and transfer taxes – will amount to no more than 6% of your total purchase price. The payment of closing costs is negotiable between the buyer and seller, though the buyer normally assumes these costs. 1.25% for the notary to register the property in…

If you own property in Costa Rica, you have to pay annual property tax, payable quarterly. Most municipalities will give you a discount if you pay the whole year in advance. The tax is 0.25 percent of the registered value of your property in the municipality (not in the National Registry), as regulated by Law…

In Costa Rica evicting a tenant from a rental property could at times be a daunting task. The tenant would play the legal system and invoke ridiculous arguments just to extend the process and remain in the rental property, rent free, for years. In Costa Rica there are more than 3,000 eviction cases filed each…

The court has declared today that the corporations tax will no longer be applicable as they believe it is unconstitutional, but the decision will be in place for fiscal year 2016.   For those who haven’t paid yet, you need to determine whether to proceed or not with this payment.  In my particular case, I…