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Just wondering if anyone could help me with what seemed to be a simple question but I am having difficulties getting an answer. If you own property in Costa Rica and have short term rental income and the property is not registered as a corporation, also you do not reside in Costa Rica. Can you file a personal income tax return without being a corporation or resident of Costa Rica?
Thank you for any help 🙂I’m pretty sure most any country on the planet will take money from anyone. In the case of rental property income, the most important thing is to make sure that you’re paying the 13% VAT.
http://insidecostarica.com/2014/08/07/vacation-rental-costa-ricas-taxmen-message/
It is very easy for them to go to VRBO and see how much a property rents for and how many weeks it is reserved.
Income on this type of activity is more of an accountant’s game as it is levied on profits i.e. income minus expenses, depreciation, etc.
Do you know the difference between an engineer and an accountant?
If you ask an engineer what 2+2 is, he’ll tell you 4.
If you ask an accountant what 2+2 is, he’ll ask you how much you want it to be.
Take care.
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