Period for income tax expired on December 16. Image for illustrative purposes.
Tax payers who failed to file their income tax return on December 16 for the fiscal year that ended in September are subject to a file of 190,000 colones ($383). However, the penalty can be reduced by 80 percent for voluntarily filing at this time. Those who have registered with the tax office but have no economic activity should also complete a form to remove themselves from the tax rolls.