Share with your friends

Costa Rica: Reminder of requirements for ultimate shareholders registry

Costa Rica: Reminder of requirements

The tax authorities announced that taxpayers that did not submit their sworn affidavits concerning the ultimate shareholders (ultimate beneficial owners) registry information by a certain date will be listed in a release published in the official gazette and in a national newspaper. Originally, the due date for making a disclosure was set for April 2020. However, a resolution (30 March 2020) revises the requirement and provides disclosures need to be filed in September of each year—not in April—starting with the disclosure for 2020.


Related content

The announcement is intended to provide notice to all non-compliant taxpayers of potential penalties to be imposed. 

Legal entities incorporated between 1 January and 31 August 31 2020, will file their first disclosure by the standard deadline of September 2020.

Read an April 2020 report (Spanish and English) [PDF 74 KB] prepared by the KPMG member firm in Costa Rica

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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