Due to the fact that normally foreigners who acquire properties do not have an immigration status, other than that of tourist, the Administration grants them a special number, NITE: Special Tax Identification Number.

You can basically become a taxpayer in Costa Rica with all the rights and benefits of a citizen by providing a copy of your passport, evidence of address which can be a copy of your electricity bill, and a specific power of attorney, appointing us as your tax advisor.

Presently, there are two taxes that both long-term and short-term rental properties must pay. The first is Value Added Tax, which in this instance is paid by the visitor with the owner serving as a collecting body. Second, Real Estate Capital Income, which takes the place of income tax and is due each month whether or not there is revenue, must be reported and paid.

You can pay your taxes in person or online at any of these organizations because the majority of banks—public and private—are tax collectors.

The regulation of the National Registry for the legalization of books of Mercantile Companies says in its Article 15 the following: Article 15 - Responsibility for care and good use of company books. The responsibility for the proper use and conservation of its legalized books corresponds exclusively to the Secretary of the Board of Directors, in corporations, and to the manager, in limited liability companies, unless by firm and unanimous agreement of all the partners they have or assign another person in charge, in which case the agreement duly established and signed must be recorded in the minutes.

The following is stated in ARTICLE 253.- of the Costa Rican Commercial Code. The secretary of the board of directors in corporations and the manager in limited liability companies will be the depositories of the register of partners and the minutes of partner assemblies and council, unless the statutes specify another director or administrator. The management in corporations will be held to the same standard.

limited liability, the treasurer's responsibility for the accounting records and the obligation registration process in corporations.

The merchant may serve as the legally required accountant, in which case he or she will be held accountable for the books' contents as if he or she had personally taken them.