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The only reason to present a new report (after the original one presented first), is if any data has changed.
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AM Costa Rica web services illustrative photo.
















Published Monday, August 17, 2020

RTFB shareowners report
deadline moved to 2021



By the A.M. Costa Rica staff

The General Directorate of Taxation and the Costa Rican Institute on Drugs (ICD) announced resolution No.DGT-ICD-R-19-2020, which indicates that the next deadline to fill the report of owners of shares in companies, titled Registro de Transparencia y Beneficiarios Finales (into English as transparency and final beneficiaries register), known as RTFB must be made until April 2021, and not in September of this year.

According to the Ministry of Finance, this same resolution allows the RTFB report to be generated automatically each year. In other words, the last shareholder's statement submitted will be used as official each year. It is not necessary to make the same report every year.

The only reason to present a new report (after the original one presented first), is if any data has changed.

In case all the data remains the same, between one year and the next, it is required for verification that the original report has not been modified.

In the case of companies that have not yet submitted the report corresponding to 2019, they must submit the full report. After that, the rule of automatic data generation will apply.

According to the Ministry, in the case of new companies that have been created this year between Jan. 1 to March 31, 2021, their deadline to present their first RTBF report is April 2021.

In the case of companies, which have already made the RTBF report, but must update information about the company or make corrections on the previous report, only for this time, they will be able to present the changes in the April 2021 report.

Trusts, third-party resource managers and non-profit organizations, which are not yet required to file the RTBF report, must keep the information available and deliver it to the Tax Administration when the ministry requires it. Because the program allowing organizations to make the RTBF report is not yet available.

The RTBF report must be made by whoever has representation in a company or an authorized person, who has a power of attorney duly registered by a notary public on the Central Bank platform.

More information about this declaration can be reached at the Ministry of Finance website by clicking under the “RTBF” tab.

Earlier this month, author Garland Baker posted the article “Don’t miss the RTBF filing deadline. Again!” which provided more detailed information about this type of report. However, be aware that the new deadline was not released at the time that article was published on Monday, August , 2020.






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Have you heard about expats facing problems in complying with all the different reports required by the Ministry of Finance? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com

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