close
Share with your friends

Costa Rica: Capital income return; no VAT liability for company directors

Costa Rica: Capital income return; no VAT liability

Guidance released by the tax authority on 20 August 2019 concerns:

1000

Related content

  • Resolution DGT-47-2019 regarding the use of Form D149 “Self-assessment tax return on movable capital income” and providing that the beneficiary of movable capital income must submit a self-assessment tax return if tax could not be withheld and the capital income is not involved in the taxpayer’s lucrative activity.
  • Ruling number DGT-1388-2019 providing that remuneration paid to members of a board of directors for services by members of executive or management boards are not subject to value added tax (VAT)—this is a change of position from ruling number DGT-1120-2019 that had provided this type of remuneration was subject to VAT.


Read an August 2019 report (Spanish and English) [PDF 43 KB] prepared by the KPMG member firm in Costa Rica

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal