Costa Rica Expertise LLC
Archives for: December 2006
12/26/06
12:27:09 pm, Categories: Costa Rica's Legal System, Property and Real Estate, Employee Relations, Purchasing, Consumer Protection, Contracts, 962 words Mediation and Arbitration Clauses Save Headaches
The ultimate mediation and arbitration
. . . Paul mediates while Peter selects destination
By Garland M. Baker
Special to A.M. Costa Rica
Q. What is the difference between a good priest and Peter at the Pearly Gates?
A. One is a mediator and the other is an arbitrator.
Most people do not know they can pick their own arbitrator in Costa Rica if they know what they are doing.
A mediator is a person who can assist two or more persons to come to an agreement but has no decision power one way or the other if they do not.
An arbitrator moderates disputes but in the end can make a decision as to who wins and who loses.
Read more!
12/11/06
Income Tax Filing Deadine is Friday in Costa Rica
By Garland M. Baker
Special to A.M. Costa Rica
It is tax time again. Tax returns for individuals and companies are due on Friday. Yes, this Friday.
Every company is required to register with the taxman. This registration happens when one gets a set of legal books approved at the tax authority, Tributación Directa. The form to do so changed this year from one without a number to Form 406. The old form had no number and was clumsy looking. It can still be used until Friday, but starting Monday, to register a company to get legal books authorized one must use the new form.
There are several important deadlines for taxpayers in Costa Rica. The most important ones for expats are Dec. 15 when Form 101 for income taxes is due and March 31 when Form 110 for education and cultural taxes is due.
Costa Rica Expertise LLC
This web site contains articles written by Garland M. Baker and Lic. Allan Garro for the A.M. Costa Rica. These articles contain important information that everyone doing business—personal and corporate—in Costa Rica ought to know. Reach them at [email protected]
A Complimentary Reprint is available at the end of each article.
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