Digital Signature Mandatory for ALL final beneficiaries of Costa Rica companies
If you are a legal representative of a Costa Rican company, it is important that you are informed that Law # 9416 to Improve the fight against Tax Fraud established the obligation to disclose the ownership structure and the identification of the final beneficiaries.
- Presidents of Sociedades Anónimas (S.A.s)
- Managers and Sub Managers of Sociedades de Responsabilidad Limitada (S.R.L.s)
Sanctions for not complying:
- 2% of the declared gross income according the last tax return of previous fiscal year.
- A minimum of 3 base salaries and up to US$66,000.00 approx.